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Okay so it turns out the LvMI posted this back in 2008, but the Independent Institute just posted it yesterday, so I just saw it. It's a discussion from 1983 with Ron Paul and Dominick T. Armentano, author of Antitrust: The Case for Repeal .
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Many people on this site say that natural monopolies do not occur and can only exist due to government. How would you explain Standard Oil, U.S. Steel, and JP Morgan and Co? Didn't they have a monopoly status that was split by the state?
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Okay, I'm having a discussion with a socialist/statist about the free market, monopoly, and anti-trust laws (repeal them!). I'm getting to the point where my austro-libertarian knowledge is incomplete. He says: It is a major financial commitment for a startup to stock and staff a store. As soon...