Let’s face it, monopolies are evil. They distort markets, result in higher prices and stifle innovation. This is true whether the monopoly controls an industry, a sport or a way of thinking. John D. Rockefeller’s Standard Oil created artificially high prices until broken up, the NFL resisted updating its rules until the upstart AFL emerged and the Catholic Church’s control over people’s beliefs and lifestyles resulted in the Dark Ages.
Feb 7, 2012