Then & Now: Philosophy, History & Politics Monopoly World: Oligarchy & Authoritarianism
Apr 22, 2025
Explore the rise of monopolies and authoritarianism and their impact on individual freedoms. Delve into historical perspectives, from early anti-monopoly sentiments to the evolution of corporatism. Discover how economic crises and consolidation fuel inequality and examine the significance of key legislation like the Sherman Antitrust Act. Analyze the risks monopolies pose to innovation and how past corporate behaviors echo in today's markets. Finally, discuss the challenges of breaking up major tech companies and fostering competition in media.
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Historical Roots of Monopoly
- Monopoly has deep historical roots tied to monarchic privileges rather than purely capitalist power.
- The American Revolution was fueled partly by resistance to monopolistic controls imposed by the British crown.
Industrial Trusts' Core Criticisms
- The late 19th century saw major industrial consolidation into trusts controlling vast market shares.
- Critics warned trusts led to price-fixing, bribery, autocracy, and suppression of labor rights.
Grangers’ Farmer Monopoly Protest
- The Grangers were farmers who organized massive protests against railroad monopolies in the 1860s and 1870s.
- They exposed how railroads used monopoly power to raise transport costs, harming farmers without alternatives.
