8. Competition and Monopoly
Competition can mean rivalry or freedom. All firms must serve the preferences of consumers in order to exist. Monopoly has historically been an artificial privilege granted by the state.
Competition can mean rivalry or freedom. All firms must serve the preferences of consumers in order to exist. Monopoly has historically been an artificial privilege granted by the state.
As I’ve noted previously, there is nothing necessarily unlibertarian about the feds issuing a compulsory license of a patent, since this mere
Ah, gotta love the “innovation-stimulating” effect of the federal-legislation-created patent system:
Nokia, Qualcomm in patent tussle describes the battles being waged between
The post office likes to make believe that it’s a real business with ridiculous gimmicks like its “forever” stamp and talk about
While the free market has been able to address the needs of the consumers of ice time, a government solution would have harmed local residents, and ice consumers and their chosen sports. All area residents would be taxed for the benefit of the few who enjoy the sound of sharp metal slicing through ice, and we — the lovers of ice — would suffer due to the whims of the government bozos who know nothing about, nor even care about, sports on ice.