Questions About Capitalism: The Unknown Ideal

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In our time, wouldn't a free market lead to monopoly? In time this book was written I maybe can concur the answer is no. By is it so now? For example, when Microsoft (or Intel) started, they got so much money so fast they could hire best specialists and buy competing companies so that eventually entry barrier to the field would be set impossibly high. Can we safely let free market mechanisms to deal with it?

Patrick Peterson Free markets do not lead to monopoly, but are ever competitive. Government is the only entity that can keep a monopoly that harms people over any sign…moreFree markets do not lead to monopoly, but are ever competitive. Government is the only entity that can keep a monopoly that harms people over any significant period of time. Market forces always work to compete away any non-governmental protected monopoly's advantage.

For more on this issue, I highly recommend the works of Dominick Armentano, such as his The Myths of Antitrust and several other works. Also Murray Rothbard and Ludwig Mises deal extensively with monopoly.(less)

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