There are many types of Monopolies in Business, Commerce and Industry. Most of the Monopolies that we see are actually created by the Government itself. For one our patent laws enable a company a temporary Monopoly on new emerging technologies, which allows them a head start in trade for putting capital into developing such technologies.
Utility Companies also seem to have a lock down on things in the energy sector. Municipalities offer guaranteed markets to the lowest bidder for cable TV, refuse, water and other services by allowing companies to bid on the franchise for the area.
Then there are the dynamic entrepreneurial companies, which grow to serve the market and customers vote for them as they become a near Monopoly and you would agree that is totally fair correct? Yes, absolutely. There is nothing wrong with a Starbucks, Wal-Mart or Microsoft. Of course if our anti-trust regulators have anything to say about that or impose their ?unfair motif? to the winners of society and commerce then indeed there will be a firestorm over it.
Why is this happening? Well, there are socialists amongst us who want to make everything fair and every person and business equal in every way. They will say it is not fair that Starbucks has better management or it is not fair that Microsoft works hardest or that Wal-Mart is too efficient. Of course that is fair, but it is hard to compete against people or companies who are dedicated to their endeavors.
Unfortunately, this is where we are headed and the folks at the Federal Trade Commission are a disaster to free-markets as they do not know the difference between the ground and their rears. Where their heads are stuck presently. Perhaps this article will give food for thought in 2007, so we do not end up thinking why are we in the food line for potatoes some day?
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Tags: monopoly, era, free, online
