Monopoly and Competition

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

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.

Recently Tim Poole alluded to the so-called “shopping cart theory” of why self-governance is impossible. Bob explains what’s wrong with this argument.

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.

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.

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.

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.

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. 

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

Dr. Patrick Newman joins Jeff Deist to discuss Rothbard’s groundbreaking conceptual work in private defense, private courts, and the stark realities of political incentives.