Boldrin and Levine: Being a monopolist is, apparently, akin to going on drugs or joining some strange religious sect.

“Being a monopolist” is, apparently, akin to going on drugs or joining some strange religious sect. It seems to lead to complete loss of any sense of what profitable opportunities are and of how free markets function. Monopolists, apparently, can conceive of only one way of making money, that is bullying consumers and competitors to put up or shut up. Furthermore, it also appears to mean that past mistakes have to be repeated at a larger, and ever more ridiculous, scale.

  • Boldrin and Levine

http://mises.org/daily/5108/Ideas-Free-and-Unfree-A-Book-Commentary#part4

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