Anti-Monopoly

submitted by Optimus85 from en.wikipedia.org

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[–]rdh2121 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (2 children)

I think libertarianism while championing individual rights, should mandate tighter corporate regulations as to prevent corporations from amalgamating themselves into monopolies or oligopolies leading to price-fixing and having a stranglehold in a sector of a market.

I agree completely. Adam Smith himself recognized that both parties to a contract have to have equal knowledge and standing for the free market to actually work, and I think the widespread lack of awareness of this fact has been incredibly damaging for the supposedly "pro-free market" crowd. The (non-natural) monopolies that inevitably result from lack of anti-union legislation prevent the free market from functioning as intended.

[–]Optimus85[S] 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (1 child)

Interesting. I am not familiar with Adam Smith but I will check him out.

[–]rdh2121 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (0 children)

Adam Smith wrote "The Wealth of Nations" in 1776, laying the groundwork for the modern understanding of capitalism. He's effectively the inventor of the free market economy as we understand it today, and is probably the biggest name in the history of economics.