Monopolies have always had their fans, people who think that business leaders are Great Men of History, singular visionaries who have the power to singlehandedly revolutionize society and make us all better off if we just get out of their way and let them do their thing. That’s why they railed against “wasteful competition.” Competition is wasteful because it wastes the time of these Ayn Rand heroes who could otherwise be focusing on delivering a better future for us all.
