Monopoly and Competition

"Government intervention in the housing market leads to further and further intervention."

"Calls for abolition of the patent system — especially those coming from a principled, rights-based approach — are very unlikely to be adopted at the present time."

There was just something too utilitarian and results oriented in Rand's purportedly principled case for IP, and something too artificial about the state's copyright and patent statutory classifications.

It’s true that the US health-care system is a mess, but this demonstrates not market but government failure.

"Since most matter in the universe could be used to encode an idea, intellectual property is a claim over the entire universe."

Recorded at Mises University 2009.

Recorded at Mises University 2009.

On a competitive market there is no such thing as a price policy of the sellers. They have no alternative other than to sell as much as they can at the highest price offered to them.

Fortunately, Austrian economists have shown that every product and service can be offered privately, without the use of monopoly force through government.

Government efforts to stimulate entrepreneurship and startup companies, and to spur job growth, are not only detrimental to market participants but to the startup companies themselves.