Right on. Your analysis of how monopolies spawn regulatory capture is well put. If Rand had her way, Darwinian markets would inevitably lead to the death of competition and open plutocracy in America. Adam Smith warned of this aspect of capitalism in The Wealth of Nations, and he was one of the foremost champions of early capitalism in Europe. Not sure why more conservatives don’t take the dangers of monopoly seriously…

If you have time, I would be interested to read more about how the Citizens United decision fosters monopolies. My understanding of the ruling is that it has more immediate consequences on campaign finance than on Anti-trust law. It has empowered corporations to openly support particular candidates — including by way of those infamous super PACS — under the auspices of freedom of the press. I could see how that might have the unintended consequence of nurturing monopolies…the more conservative candidates win, the better big business fares in America. Is there a more direct way that Citizens United protects monopolies?

I write about movies, books, culture, politics, and the intersection between them. MA in English, words in The Ascent, PSILU, The Writing Cooperative, and more.

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