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I have never seen a government-granted monopoly that did public good, no matter the reasons.

If the FDA can't do its job properly, then it should stay the hell out of the way.




Perversely, these monopolies are often granted on the basis of 'natural monopoly theory'. If it's a natural monopoly, why does it need to be further enforced (preserved?) by a law?


Eh, what? What monopolies are granted by law on the basis of natural monopoly theory? As you state, there is no reason to put them into law; natural monopolies are usually the ones who are broken up by regulators, to enforce competition (e.g. telecoms, energy manufacturing/distribution, public transport, ...)


These same monopolies you're mentioning (were|are) in fact legally protected from competition.




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