I think everyone agrees that monopolies are bad for the economy (except the monopolists, of course). Why are monopolies bad? For starters, they have an incentive problem. Without competition, they have less reason to lower prices, improve their products, and innovate change. In most industries, consumers could choose to stop patronizing the monopoly business altogether. However, the more necessary the goods or services are two everyday life, the more willing consumers are to pay the higher prices for older products at lower quality. As soon as a little competition is introduced, the monopoly can no longer get away with it’s malfeasance with seeming impunity without going bankrupt. But what if competition is never allowed? What if the goods or services are necessary for people, and thus society, to function? What if consumers are coercively prohibited from simply ending their patronage? Then what incentives does the monopoly have to be concerned with satisfying willing consumers and maintaining market share? I dare say, it has little to none. So why aren’t you an anarchist, too? And that’s today’s two cents.