Swiss Economicblogs.org
“Bad” Monopolies? An argument against absolutely free markets comes up often. What about so-called natural monopolies? So-called infrastructure projects (e.g. sewage plants) have high barriers to entry, and are a challenge to true competition. Therefore, if left to private companies, they would become bad monopolies. So it is best for the government to provide them. I think there are answers on several levels....
Read More »Should the Government Give Us Infrastructure?
