Monopoly and Competition

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The Problem with the "Robber Baron" Narrative

U.S. HistoryMonopoly and Competition

We're now hearing many calls for more antitrust legislation applied to Big Tech because these firms are allegedly monopolies. But old-fashioned antitrust was a disaster, as will be new efforts against tech companies. 

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Government Won't Save Us from Big Media

Monopoly and Competition

Blog02/17/2021

It's conservatives, not libertarians, who are naïve about big media power. 

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Why Social Media Takes a "Ban First, Ask Questions Later" Approach

Media and CultureMonopoly and Competition

Blog02/02/2021

As more people get censored or removed from the platform, more prominent voices seek out alternatives that are in the more early stages and don’t censor as heavily. Fragmentation starts to make the service less useful and interesting rather than being a source of affirmation and good feelings.

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Why the Economy Isn't Controlled by One Big Corporation

SocialismCalculation and KnowledgeMonopoly and Competition

Blog10/27/2020

Why don't corporations just get bigger and bigger until they take over the whole economy? Unlike states, firms aren't necessarily better off as they get bigger.

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Why There is No Such Thing as an Exploitative Monopoly in a Free Market

Cronyism and CorporatismProtectionism and Free TradeMonopoly and Competition

Blog10/26/2020

What's a telltale sign of economic illiteracy? I'm starting to believe the worst is the claim that markets lead to monopoly and the accumulation of wealth in a few hands.

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Social Media Companies Aren't the Good Guys. They're Also Not Monopolists.

Media and CultureMonopoly and Competition

Blog10/24/2020

Social media has lied about user privacy and has misled the public about the platforms' status as open forums. But none of this makes these companies monopolies. 

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"Monopoly" Is No Excuse for Government Intervention

Economic FreedomMonopoly and CompetitionOther Schools of Thought

Blog09/16/2020

In an unhampered economy, monopoly is not a framework distinguishable from “pure” competition. In fact, inefficient monopolies arise only in case of government interventionism.

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The Misplaced Fear of "Monopoly"

Free MarketsMonopoly and Competition

Blog08/11/2020

The political entrepreneur succeeds by using the implicit violence of government to cripple his competitors and harm consumers. The market entrepreneur, on the other hand, makes his fortune by providing consumers with products they need at prices they can afford.

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Why "Public Goods" Don't Justify Government Intervention

Free MarketsInterventionismMonopoly and Competition

Blog06/11/2020

Economists have long tried to use the idea of "public goods" as justification for a wide variety of government interventions. But there is no objective measure for what's a public good and what's not.

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Government Regulation against "Monopolies" Only Lowers Our Standard of Living

Monopoly and Competition

Blog04/29/2020

The whole idea of government regulating so-called monopolies in order to promote competition is based on fallacies. If anything, such intervention only stifles market competition and lowers living standards.

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