USPS: The Cursed Carriers
It's pathetic that a government-enforced monopoly continues to lose money.
It's pathetic that a government-enforced monopoly continues to lose money.
Later economists messed everything up: narrowing the definition of "competition" and broadening that of "monopoly."
The problem of the influence of power on prices as such has hitherto been only scantily treated, and never in a systematic manner, in economic theory.
There is no evidence that a market system will bring about a tendency toward monopolistic growth; the state does that.
If you disagree with how Google runs its incredibly popular search engine, don't patronize it. There is no need for paternalistic bureaucrats to intervene in such a simple matter. Also, why wouldn't Google show preferential treatment to its other business ventures on its own search engine?
From Man, Economy, and State, narrated by Jeff Riggenbach.
From Man, Economy, and State, narrated by Jeff Riggenbach.