Definition and Political Nature of Monopolies

Monopolies are characterized as the control over a recognized branch of trade or service, often described as a form of private government. This control extends beyond economic implications, impacting the political power dynamics within industries. Entities like Google exemplify this, where a single firm can dictate terms and conditions, thus creating an environment lacking competitive freedom. Consequently, monopolies not only manipulate market outcomes but also exert significant influence over individuals' professional existences, leading to a society where choices are limited and autonomy is compromised.