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by DrJones1098 2706 days ago
We used to say that monopolies were wrong and bad for capitalism.

Now we're saying that monopolies are ok?

2 comments

Well, Adam Smith certainly thought they were bad and he is probably most correct about that as well. But they aren't the end of the free market as some people want to have you believe!
Not to mention that it's free markets that provides the incentive that is needed to come up with ideas and innovation that can break monopolies!