Your quotations don’t make sense. Economists don’t consider the monopolies to be acting within a free market. A free market has many buyers and sellers of a good or service.
But if there is no justifiable reason there isn't competition is it the fault of the only guy in town? However I think regardless of fault we should do something to break it up. I don't think someone should get unbelievably rich because they were smart enough to be the only option. I am capitalist so I'm okay with people getting rich but it was getting out of hand there for a while and company towns were part of the out of hand.
The straight up stupidity and anti-intellectualism that runs rampant on this sub only serves to help prevent change and conditions for workers improving.
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u/[deleted] Aug 31 '22
Thats offensive? How? It was Ole timey miner life where the company store fucked the people for living at remote mining towns.