Government Regulation and Monopoly

Since the days of Standard Oil government has claimed that it was necessary to regulate monopolies. Since those same days, the chief monopolies have been the result of the regulation, and the least monopoly has occurred in the least -regulated industries. The calls for regulation of firms like A&P would have retarded innovations like Wal-Mart; regulation of Wal-Mart would have retarded Amazon. Government regulation is the chief source of monopoly. It has been consistently unsuccessful at stopping it, and it has been consistently successful at causing it.