Posted at Hartmann Report on Jan. 21, 2024
Libertarians Object: The Hidden History of Monopolies
When the commons are sliced and diced by private enterprise, the result is almost always a true “tragedy of the commons” (to quote ecologist Garrett Hardin): exploitation, monopoly, and price gouging.
Whether in a nation’s schools, its utilities, its prisons, its public roads, or even its internet access, when these core parts of the commons are privatized and then ring-fenced by private enterprise, somebody is going to get rich, and the majority of the people will be poorer.Libertarians and their fellow travelers, however, deny that such natural monopolies even exist.