Asking the devil for salvation

Government vs. Monopolies

If you're looking to governments to save you from monopolies, you're asking the devil for salvation. A government is itself a monopoly on the creation of violence. Why would you expect one monopoly to be hostile a priori to other monopolies?

The theory is that a government is controlled by its citizens. However, control over the government is a public good. Like all public goods, it is underproduced.

http://angry-economist.russnelson.com/
2007/09/27#government-vs-monopolies

Source: www.adamsmith.org/blog