3 ms·
The framers of the U.S. Constitution knew the risks of the government creating and granting monopolies, however limited. The incentives are to remove the limita
by spodek 9y ago
The framers of the U.S. Constitution knew the risks of the government creating and granting monopolies, however limited. The incentives are to remove the limitations and expand them.
The industries formed by these government-granted and defended monopolies have removed most of their limitations and keep growing. We see the benefit to them. They make big blockbusters that people enjoy watching, so we see that benefit.
The costs keep growing too, such as this article and the deprivation from the public domain of nearly a century of work. Meanwhile, technology has lowered the costs of production and distribution, making investment for most works unnecessary, obviating the need for a monopoly.
Have the costs grown to outweigh the benefits? The monopolists' power can maintain the monopolies past when that point so it's hard to tell, and people with different values will disagree, but this article points in that direction.