Ayn Rand on Monopolies

[@cyanrazorCel]

But government ends up forming in almost any society naturally.

[@1who4me]

It’s a necessary evil. But it should be a fearful servant of man not a powerful master.

[@jonathanedward1244]

@@1who4me super agreed, monopoly is inevitable under a pure capitalist society with no outside regulation + supervision - imagine an airline company raising ticket prices to an astronomical amount because they have a monopoly, forcing people to only fly with them because there's no other options

[@NoOne-ef7yu]

​@@jonathanedward1244 At some point, it would become viable for a cheaper competitor to enter the market with their own planes, no?

[@jonathanedward1244]

@@NoOne-ef7yu tell that to canada

[@giorgisabashvili2664]

what if the competitors band up and form the cartel to monopolize the market?

[@drewnation9905]

Is there an example of this? Seems similar to the communism thing that they just have to implement it correctly and it works by default

[@BennyCFD]

She is wrong.............All the turn of the century monopolies were natural monopolies.