Monopolies are caused when the government prevents competition through licenses, excessive regulation, patents, etc. Starting a new bank is an astronomically ha

Monopolies are caused when the government prevents competition through licenses, excessive regulation, patents, etc. Starting a new bank is an astronomically hard and impossible endeavor, whereas it was pretty easy to do in the 1800s. It’s hard to start an aerospace company, a convenience store, a restaurant, and so on. The only easy companies to start are tech companies! It’s absurd!