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Podcast: PRay TeLL, Dr. Hash
Episode: 47 Monopolies
Description: The implicit goal of every business is to become a monopoly: they can't be faulted for it because their obligation is to maximize profits and a monopoly is the premiere agency to do so. Collusion & complicity among businesses are essentially monopolies, and some things, like health care, are natural monopolies. Monopolies are the Achilles heel of Capitalism because monopolies stifle Market Forces & distort the customer-business negotiation relationship. It takes government intervention to prevent them.At the end of the 19th Century, monopolies nearly turned America into an oligarchy, but right-person-at-the-right-time Teddy Roosevelt became the premiere “Trust Buster,” anti...