Avatar of admin

by

Competition In the Marketplace Is a Hassle

October 31, 2013 in Economics

By Mises Updates

6572

So  have the government crush your competition for you. Writes Brian LaSorsa in Mises Daily:

The politicians of the world would like to offer anyone dead set on controlling an entire industry the chance to shine. So come one, come all — government agencies, cronies, and all their friends — as we present the five best ways to create a monopoly and to ensure you never have to compete again….

When the cost of doing business is high, make it higher. Small firms can’t survive government imposed regulations while bigger firms can certainly bear the burden, at least temporarily. Taxes, mandates, and especially “safety regulations” (e.g., clinical trials at the Food and Drug Administration) will wipe out your competition before they even have time to ask what the new rules mean. Then hire a lobbyist in Washington. I’m sure he or she will come up with a good reason that the industry should adhere to stricter and more expensive guidelines.

…read more

Source: MISES INSTITUTE

Leave a reply

You must be logged in to post a comment.