Earlier quoted context omitted.
Just as a thought experiment, try to imagine a world with no patent or copyright laws. I'm not suggesting we make that a reality, but just consider it. How would Lockheed Martin, GE, Disney, etc. look? Without local government granted monopolies, how would Comcast look? It would be a completely different world. Look into the concept of regulatory capture. The Dodd-Frank regulations that went into place are a great ex…
> try to imagine a world with no patent or copyright laws I'm not a big fan of the laws as we have them, but sure, i'll play along: > How would Lockheed Martin, GE, Disney, etc. look? ...I'm not sure they'd look substantially different. LM would still only be in competition with a few others because of high barriers to entry. GE...I lack even passing knowledge to speculate. Disney would lose out on a lot of merchandi…
If you look back through U.S. history, how many monopolies has the government actually broken up? Not many. And I don't think anyone can seriously argue that the threat of antitrust action by the government is what has limited the existence of monopolies.
On the flip side, the government has created or protected thousands of monopolies. As the parent mentioned, virtually every city in the U.S. has granted monopolies to local service providers. On a grander scale, U.S. policy has long perpetuated monopolies for the likes of Standard Oil and U.S. Steel by imposing tariffs on foreign goods and raising barriers to entry through licensing and other regulatory hurdles.
It seems self evident to me that for at least the last 200 years U.S. governments in total have done far more to foster monopolies than they have to dismantle them.