"There's nothing about capitalism that demands that monopolies of any kind should or must be allowed." It depends on what you mean by capitalism. If by capita

"There's nothing about capitalism that demands that monopolies of any kind should or must be allowed." It depends on what you mean by capitalism. If by capitalism, you mean a market-based economy, like that adam smith guy, then yeah, we should have anti-trust laws to guard against private anti-competitive behavior. If you mean lack of government interference at all costs (which is more a political program than an economic program, really), then no, monopolies and/or cartels will actually be the end state of many industries if you don't have laws preventing that behavior.