Liberty and American Civilization

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7. The Myth of Natural Monopoly

  • Liberty and American Civilization
June 8, 2006

Tags Corporate WelfareU.S. HistoryInterventionism

This second myth about market failure is again a call for interventionism and support for bigger government. Natural monopolies don’t exist. The theory was made up after the fact. The only monopolies existing are those propped up by government privilege.

It took the economics profession about sixty years to look closely at the facts behind regulated monopolies like AT&T and competition.

Lecture 7 of 10 from the Steven Berger Seminar: Thomas DiLorenzo on Liberty and American Civilization.

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