I was not talking about scarcity, I was talking about the perversions of markets in an increasing wealth gap. There is no scarcity of brand name clothes for example. It's only expensive because people with excess money choose to pay for it, but it cost cents to make and there is no mismatch between supply and demand, and it is often not better than cheaper clothing.
Why would you need a monopoly? They aren't competing on price. It's an irrational market.
Why would you need a monopoly? They aren't competing on price. It's an irrational market.