6-6-16 – A Government Monopoly Is No Better Than A Private Monoploy

by Stu Lindberg

The Great Progressive Era in United States History(1890-1920) was characterized by the enactment of anti-trust laws. Presidents of this era were concerned about American consumers being cheated by big monopoly industries like the Standard Oil company, now known as Exxon-Mobil.

What is a monopoly? “A monopoly is a situation in which a single company or group owns all or nearly all of the market for a given type of product or service. By definition, monopoly is characterized by an absence of competition, which often results in high prices and inferior products.” (Source: Investopedia)

“Advocates of strong antitrust laws argued the American economy to be successful requires free competition and the opportunity for individual Americans to build their own businesses. As Senator John Sherman put it, “If we will not endure a king as a political power we should not endure a king over the production, transportation, and sale of any of the necessaries of life.” Congress passed the Sherman Anti-trust act almost unanimously in 1890, and it remains the core of antitrust policy.”  (Source: Wikipedia)

Republican President Benjamin Harrison who was a strong advocate for competition signed the Sherman Anti-Trust Act into law.  Republican President and renowned “trust buster” Teddy Roosevelt put the new law into action suing over 45 companies for monopoly activities.

Democrat President, Woodrow Wilson, 1913-1921 asked for and received revisions and clarification from Congress regarding the Sherman Anti-Trust Act.  “The Clayton Anti Trust Act of 1914 clarified the Sherman Act of  1890 by naming certain business tactics illegal.” (https://www.britannica.com/event/Clayton-Antitrust-Act)

The progressives of today are not cut from the same cloth as Harrison, Roosevelt or even Wilson.

This modern generation of progressives have foolishly embraced monopoly as the ultimate panacea to all that ails humanity.  However, this ultimate monopoly is not one of business or corporations.  This ultimate monopoly created for the “common good” is being brought to us in form  of BIG government.   Remember “monopoly is characterized by an absence of competition, which often results in high prices and inferior products.” One does not have to look far for evidence of how our BIG government monopoly is failing us.  Peter Shumlin’s $200 million dollar intrusion into the health care industry in Vermont and his failed implementation of single payer is one example. Another example would be the current Vermont government’s monopolization of k-12 education and the resulting oppressive high taxes and substandard student achievement.  The most frightening example can be found in the chaos and deprivation taking place in socialist Venezuela.

Stu Lindberg lives in Cavendish. 

 

{ 2 comments… read them below or add one }

jim bulmer June 11, 2016 at 5:07 pm

AGAIN I quote a great President, “the ten most dangerous words in the English language are ‘I’m from the government, and I’m here to help you ‘”. Any time you want to screw things up, invite the government into the mix. Obamacare for starters. The only way disasters such as this getng passed is by lieing to the American people. As for Vermont, the super majority in the legislature is bought and paid for by SPECIAL interests!!!! How about the NEA and the wind and solar lobby for openers?????

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Fred Drury June 15, 2016 at 12:50 am

An awesome expose on the evil of big government and its socialist/progressive cohorts. We need to take back control of education ( ideological mind control) and the once free market that has been hijacked by the jackboot thugs in Washington.

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