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As is too often the case, it seems like the only monopolies that earn government approval are the ones it helps create. The post With U.S. Steel Decision, Biden Turned His Back on Opposing ...
It’s like the incoming Leader of the Free World is treating the map like a real-life Monopoly board to be dominated. ... with American ships accounting for roughly three-quarters of its canal ...
In economics, a government-granted monopoly (also called a "de jure monopoly" or "regulated monopoly") is a form of coercive monopoly by which a government grants exclusive privilege to a private individual or firm to be the sole provider of a good or service; potential competitors are excluded from the market by law, regulation, or other mechanisms of government enforcement.
Nock is not attacking government, per se, but "The State", authority that violates society itself, claiming to rule in the people's name but taking power away from the community. [ 7 ] [ 8 ] He states that the expansion of the state comes at the expense of social power, shrinking the role of community.
America's permissive approach to antitrust enforcement results in anticompetitive monopolies such as Google and Facebook. Andersen points out, "[N]ew technology enabled but did not require a global digital-information duopoloy consisting of Google and Facebook. As consumers and citizens, we and our government let it happen."
"Monopolies don't work and government-funded monopolies are even worse," says Jennifer Erickson, a former Obama White House staffer who now works as a senior fellow at the Federation of American ...
The Justice Department and FTC lost most of the monopolization cases they brought under section 2 of the Sherman Act during this era. One of the government's few anti-monopoly victories was United States v. AT&T, which led to the breakup of Bell Telephone and its monopoly on U.S. telephone service in 1982. [30]
Monopoly, Parker Brothers' world-famous board game for budding capitalists, first went on sale on Feb. 6, 1935. In the depths of the Great Depression, Monopoly offered weary families a way to ...