Are private monopolies in fact harmful?

Reader comment on: Epstein on Gordon

Submitted by Adam Wildavsky (United States), Mar 2, 2016 02:02

What evidence have you that a private monopoly, that is, one not enforced by government edict, is harmful or immoral? I suggest that it is neither, and that efforts to regulate the same are both. I highly recommend Alan Greenspan's essay on the subject, inspired by his association with Ayn Rand. Published in 1962, it is still timely:

https://docs.google.com/document/d/1-WFdJtD6G2FAyQqRY4OW7ySri0FwgAh3S479aWGFFUQ/edit

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