STAFF NEWS & ANALYSIS

Market Monopolies Are Caused by Government, Not Technology, and Should be Removed by the Courts

By Daily Bell Staff – February 16, 2017

Monopolies Are Worse Than We Thought … Economists are increasingly turning their attention to the problem of monopoly. This doesn’t mean literal monopoly, like when one utility company provides all the power in a city. It refers to market concentration in general — when an industry goes from having 20 players to having only 10, or when the four biggest companies in an industry start taking a bigger and bigger share of sales. This sort of creeping oligopoly acts much like a literal monopoly — it raises prices, limits market size and tends to make the economy less efficient. – Bloomberg

Market concentration hurts workers according to this article. It’s true, but makes no distinction between voluntary monopolies and