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Monopolies Created By Government Intervention?

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limitgov posted on Wed, Jul 29 2009 10:23 PM

The monopolies I can think of, at&t,, were they created because of government intervention?

 

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The definition of "monopoly" that Classical economists used is a bit different to the one we use. A "monopoly" was a firm with which no-one could legally compete. A common form of monopoly would be when the government makes itself the sole provider of a good (like the post office supplying first-class mail). I'm not aware of US firms, but certainly a government can exclude competitors from entering the market through regulations that will make it difficult for small firms to compete. 

I hear telecommunications is strictly regulated by the US FCC.

Austrians do it a priori

Irish Liberty Forum 

 

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Short answer: yes.

Slightly longer answer wrt your AT&T example: AT&T was made a monopoly by government fiat during WW1.

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limitgov replied on Wed, Jul 29 2009 10:47 PM

Knight_of_BAAWA:

Short answer: yes.

Slightly longer answer wrt your AT&T example: AT&T was made a monopoly by government fiat during WW1.

 

Thank you....are there articles that go in detail on the ATT and WWI?

 

 

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