1. So you think patents, copyrights and trade marks should be abolished?
2. There are barriers to entry even without government interventions
3. Government involvement is not always the reason for monopolies - reading your post one would think if government cease to exist, there wouldn't be any monopoly or oligopoly at all.
4. Not all government intervention are bad for either individuals or the market: e.g. bank regulations - is it better to allow everyone who feels like it to open an office, call itself a bank and collect deposit, or to have proper capital requirements? I'll let the other members of this forum judge.
5. Define the term "corporate welfare" properly and explain how it is one of the things that encourage monopolies. Most of time I see people just throwing terms around without making any relevant point. This post seems like one of those.
6. I thought the Constitution grants Congress the power to manage the currency, the monopoly over currency then has its root in the Constitution itself.
1. I said that they are not the product of the free market. They are based off of laws, not market interactions. Changing patent, copyrights, and trademark laws could drastically change the market structure. I really don't see what is so hard to understand.
Should they be abolished? Depends, but they are certainly worth looking into and possibly revising to allow more competition.
2. I never said otherwise.
3. I never said otherwise and perhaps you should re-read what I have written.
4. I am sure you can make the case for good regulation, especially in the environment. If you want others to judge your banking example, then so be it.
5. Corporate welfare is special treatment to corporation in the form of money gains. I don't think any large multi-national corporation needs any subsidies or special tax breaks. When you subsidy one company or give tax breaks to them that their competitor doesn't receive, then you are helping them gain a larger market share.
For example, tell me how you are going to compete with me when you are subjected to an 80% tax and I am only subjected to a 10%, plus receive subsidies?
6. You right, but that doesn't take away the fact that the Fed is a government granted monopoly that bears special privileges and responsibility. Whether you agree with the policies of the Fed is a completely different discussion.
I don't need to define it. When it fails from all the bureaucracies, it is too big.
That is a very vague definition, if that is indeed your definition. Any firm can fail from bureaucratic inefficiency and mismanagement.
No one said anything about permanent, so you're using a strawman. Besides, I just talked about firms eventually getting too big right above. :roll:
You said that technology does not play a whole in eroding natural monopolies. I countered with examples and stated that belief in permanent natural monopolies is naive. I never said that was your belief nor your argument, just that it was naive.
I know what a strawman is. You have made quite a couple.
Anyway, back to the point: improvement in communication technologies has made it easier to form bigger corporations that control larger and larger segment of the market - this is fact.
No, this is speculation since the government broke up Bell Co. If Bell Co. still maintained the same or larger market share after cell and satellite technology, then that would be a fact.
The replacement of newly technologies for the older ones is a replacement of industry. And with new industries, come new monopolies. Bells is replaced with AT&T, Verizon etc. then with the advent of computer and the internet, Microsoft, Google. So it only reinforces my point that markets have a tendency towards monopolies/oligopolies.
Replacement of new technologies does not necessarily mean replacement of industry. Only if they cannot adapt and sometimes these industries are responsible for the new technology.
Yes, monopolies/oligopolies will ebb and flow with market forces and technological breakthroughs, but they could retain their market share via patent laws, lobbying, copyright laws, etc.
Not all industries have a tendency towards monopolies.
Anyways, I really don't know where this conversation is going. Plus, I can see it is riddle with misunderstanding.
What point are you trying to exactly make?