That article argues that monopolies in individual industries

Posted on: March 5, 2018 at 10:11:18 CT

will eventually be taken care of by other free market forces. It does not address the premise that individuals, families or cartels will tend to accumulate so much wealth and power that they will completely dominate societies barring some countervailing force to prevent or control this tendency.

The top 1% in the US owns almost 40% of all of our country's assets, despite the fact that the government tries to work towards evening out wealth discrepancies to certain extent. The wealthiest also pay the most taxes by far, for instance, and the laws and educational systems are an attempt at leveling the playing field so that the poor have some semblance of a chance at a fair shot in life. People may argue about how effective the government is in trying to protect the poor from arbitrary exploitation by the rich and powerful, but what makes you think that by eliminating the government the tendency for the rich and powerful to dominate society will not at least continue apace if not be exacerbated by the current attempts at control of that tendency?