And others think: "we'll let the free market sort it out". Now you have 3 problems. 1. There exists an entrenched monopoly with political influence 2. Custom

And others think: "we'll let the free market sort it out". Now you have 3 problems. 1. There exists an entrenched monopoly with political influence 2. Customers are being price gouged as a result of monopolistic price setting 3. Regulatory capture through lobbying by the monopoly ensures there's no competition going forward.