Sunday, February 17, 2013

All Monopolies Are State Granted.

All monopolies are State granted. Unless someone owns every bit of a specific resource and unless there are no other resources that can serve as substitutes (practically an impossibility, in other words) the competitive forces that exist in the market never permit the formation of a monopoly. It is only when the State - with its fascist nature - gets involved that a monopoly can ever manifest itself.

The State then uses its near-monopolist position as the supplier of 'education' to propagandize the people into thinking that the State is needed to protect people from monopolies and to 'equitably' provide certain goods and services. What a myth!

Such are the characteristics of living in the Dark Ages of economics!

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