“We need not present arguments to show that a government may develop into a monopoly, because government, by definition, already is a monopoly. Whatever ills are to be feared from the monopolization of industries, why should we not fear precisely those ills from government? The fact that an organization is labeled ‘government’ rather than a ‘business’ will hardly render its actions beneficent if the actual incentive structure it faces is the same as that of a monopolistic business.”
“To assume that monopoly privilege will be used only for good would seem to be an exercise in wishful thinking.” - The Problem of Political Authority, Michael Huemer, pgs. 256 and 257.
Thursday, December 10, 2015
And About Monopoly…...
Labels: are you being served, government as a delivery system, government is a monopoly, monopoly, monopoly privilege
BS Economics, cum laude, Private and Public Sectors, 1979, West Virginia University, Morgantown, WV. Undergraduate Minor in General Insurance. Chartered Life Underwriter (CLU), Huebner School of Economics, American College, 1992, Bryn Mawr, PA. Life Underwriter Training Fellow (LUTCF), 1986, National Association of Life Underwriters, Washington D.C.. Currently enrolled and completed one half of Chartered Property and Casualty Underwriter (CPCU) from the American College. 38 years insurance industry experience.