Monopoly and Competition

We can have a competitive marketplace if government will just get out of the way and stop erecting barriers to creating new businesses and new competitors for established companies.

Review of Competition versus Monopoly: Combines Policy in Perspective by Donald Armstrong

Why is the aviation world all atwitter? Peter Klein explains what free market competition is and is not.

Cesar Chavez wanted immigration controls to hep him prop up union-labor wages.

Politics operates according to principles that would horrify us if we observed them in our private lives, and would get us arrested if we lived by them. The state can steal and call it taxation, kill and call it war, writes Lew Rockwell. 

Politics operates according to principles that would horrify us if we observed them in our private lives, and would get us arrested if we lived by them. The state can steal and call it taxation, kill and call it war.

Ludwig von Mises reminds us that thanks to the rise of markets and capitalism, human beings gained more access to more abundance than ever before. And it is the consumers, not the producers, who have power over the market process.

Thomas Piketty is wrong. Markets do not concentrate wealth. They work to diffuse wealth and limit the power of any single enterprise. Meanwhile, many lose their fortunes as quickly as they gain them.

Watkins paints a very strong case against trolls, while pointing out some of their supposed benefits.

UPDATE: The fact that marijuana legalization ballot measure (Issue #3) failed in Ohio is not an indication that legalization is not supported by the people. It was because they rejected government monopoly of pot growing as shown in the victory in the passage of Issue #2 which bans such monopolies. Its a great libertarian victory overall.