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Showing results for tags 'Regulation'.
One of the most common arguments I hear against laissez-faire capitalism is that it by definition supports the creation and preservation of so-called intrinsically evil monopolies, and that the only way to keep these monopolies in check is through government regulation. Why is this wrong? Is the Gilded Age a good example of monopolies running wild? I ask these questions knowing I probably sound like a moron, but I am young and new to objectivism. So when people make these arguments, I genuinely have no idea how to refute them. Thanks in advance for your help.