Anti-Trust and Monopoly (with Ron Paul)

Professor Dominick T. Armentano and Congressman Ron Paul discuss anti-trust and monopoly. Recorded 13 July 1983.

For more free resources and media discussing anti-trust and monopoly, visit the Ludwig von Mises Institute at Mises.org.

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• Anti-trust
• monopoly
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• Ludwig
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• Mises
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• liberalism
• liberty
• free
• market
• Ron
• Paul

[ninjabunnyman]

Monopolies and large corporations only become truly powerful when they are protected by regulations. The big guys have plenty of lawyers to deal with them, and the little guy gets screwed. We need to make sure there is free entry, so there is at least the threat of competition at all times. Also, corporate persohood is a government invention in the first place..

I'd particularly like to see the coercive monopoly that government enjoys broken up. They're particularly abusive.

[ACDC7369]

@sedatedlife18 I was thinking the exact same thing as I was watching this. You'll never see an intelligent discussion like this in the mainstream media

[eirefrance]

@Kaasperav Which isn't a trust how?

[shannoncarissa82]

@eirefrance At the height of Standard Oil, it had something like 85% of the market share (of course it did create the kerosene market). By the time the antitrust case was brought against them, the share had already started falling to the 60% range.

[Kaasperav]

@eirefrance Standard Oil also delivered a 95% (i think that's about right) reduction in Kerosene prices and opened up a completely new market in energy. Even though he dominated the market with his company he still provided much cheaper prices than anyone could offer (and Rockefeller obviously still made a profit) so there was no need for competition since he still offered a superior product that the consumers willingly paid for without government intervention.

[GtheMVP]

@IcyScythe You can't kill competition without the government. THe bigger you get, the more you have to fuel (pensions, medical etc...)

It's always easy to undercut the big guy

[qFxGaming]

13:36 - I love that smirk."Typical example of how one intervention leads to another one or two government interventions." Pretty sure I heard him say the exact same thing today. And yesterday... and for the last decade.

[MrGiggity890]

RON PAUL 2012? yup!

[TheNonAntiAnarchist]

@IcyScythe Potential competition ;)

[IcyScythe]

Ok question: What's to keep a corporation once they have a monopoly from turning around and screwing consumers over after they establish their position and wipe out competition?

[eirefrance]

5:20 Standard Oil?

[TheSWTORMMO]

@bellcord People like you just don't get it. Must suck to live a life like that.