Posted at Hartmann Report on Jan. 7, 2024
Government as a Monopoly?
The core argument of the “government is bad” crowd is that government is, itself, a monopoly. Since everybody knows that monopolies are bad things, so, too, government must be an intolerable affront that reduces the quality of life for its citizens. This meme has been incredibly destructive to America’s working people, who’ve become hostile to government while losing their wariness of corporate monopoly.
There’s one type of monopoly that’s actually good, with a single caveat. That’s called a “natural monopoly,” and for it to work properly, it generally requires government. Consider your home. While you can buy a new stove or sofa or rug from many different companies, you’ll be hard-pressed to buy your water, electric, or septic from more than one single vendor. There’s only one power line, water line, and sewer line attached to your home. Thus, power, water, and septic are generally referred to as “natural monopolies.”