i think a key point of austrain economists is that competition creates then breaks up monopolies if the government does not grant monopolies protection.
i think a key point of austrain economists is that competition creates then breaks up monopolies if the government does not grant monopolies protection.
I don’t believe that is what would happen. Monopolies have existed in the absence of government before. That is what Feudalism was - a monarch or lords having a monopoly on land, goods and trade. Here is an article which touches upon Rothbard’s philosophy and shows some of the defects in it - https://open.substack.com/pub/judgesabo/p/property-is-despotism
i think a key point of austrain economists is that competition creates then breaks up monopolies if the government does not grant monopolies protection.
I don’t believe that is what would happen. Monopolies have existed in the absence of government before. That is what Feudalism was - a monarch or lords having a monopoly on land, goods and trade. Here is an article which touches upon Rothbard’s philosophy and shows some of the defects in it - https://open.substack.com/pub/judgesabo/p/property-is-despotism