Earlier quoted context omitted.
> Any real economist. Any real economist can cite many monoplies that arise through market forces alone. > Inevitably, if any industry is profitable, competition will arise. This is not true. There are many different definitions of "profit", and there are many cases where an industry that makes a real business profit will not support a competitor that makes an economic profit. The obvious example is markets with very…
> He became dominant through backroom deals and anti-competitive practices. Backroom deals AKA corruption. Corruption and regulation are two sides of the same coin. Had the market been perfectly competitive (ie. state governments not succumbing to corruption) the monopoly likely would not have formed and lasted. Your only example merely proves my point. Try to find a monopoly that has arisen in an open market, free f…
How about you cite an example of an open market that is free from government intervention?