PLAY PODCASTS

7. The Myth of Natural Monopoly

Liberty and American Civilization · Mises Institute

June 8, 2006

Audio is streamed directly from the publisher (dts.podtrac.com) as published in their RSS feed. Play Podcasts does not host this file. Rights-holders can request removal through the copyright & takedown page.

Show Notes

This second myth about market failure is again a call for interventionism and support for bigger government. Natural monopolies don’t exist. The theory was made up after the fact. The only monopolies existing are those propped up by government privilege.

It took the economics profession about sixty years to look closely at the facts behind regulated monopolies like AT&T and competition.

Lecture 7 of 10 from the Steven Berger Seminar: Thomas DiLorenzo on Liberty and American Civilization.

Topics

Corporate WelfareInterventionismU.S. History