Monopoly Is Everywhere, Say Mainstream Economists; Austrians Roll Eyes

3,525 views · Published 29 July 2015 · 35:58 · Indexed 21 October 2026

Channel: TomWoodsTV · 2015 · News & Politics

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Mainstream economists see "monopoly power" everywhere -- even when a breakfast cereal company differentiates its product via advertising. It's crazy. In today's episode we discuss the mainstream view of monopoly, as well as so-called perfect competition and monopolistic competition. You'll be begging for some Mises and Rothbard by the time we're done. Subscribe to the Tom Woods Show: https://itunes.apple.com/us/podcast/the-tom-woods-show/id716825890?mt=2
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