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by gottorf
994 days ago
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"Of all tyrannies, a tyranny sincerely exercised for the good of its victims may be the most oppressive. It would be better to live under robber barons than under omnipotent moral busybodies. The robber baron's cruelty may sometimes sleep, his cupidity may at some point be satiated; but those who torment us for our own good will torment us without end for they do so with the approval of their own conscience." |
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A private monopoly is accountable to only the owner. May as well be feudalism. In a liberal democracy, government monopolies have accountability to the people. When that is subverted or corrupted, it sucks, but at least there's a mechanism.
There's no such mechanism with a private monopoly.