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Re: Economic theory and politics.
Quote:
Originally Posted by Ambiguous
Monopolies are not restricted to businesses. A monopoly is nothing more than a market form in which there are many buyers but only one seller. But that's not the case with the military, as there are many sellers but only one buyer. As such the military is better described as a monopsony, not a monopoly.
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Many sellers? There is one seller of defense: the military. With whom does the military compete? If there are many sellers, who else can I chose to defend me? And, there are many 'buyers' of defense; I'd say about 300 million.
So, I am confused by what you are saying.
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"Sometimes it is said that man cannot be trusted with the government of himself. Can he, then, be trusted with the government of others? Or have we found angels in the form of kings to govern him? Let history answer this question."
-Thomas Jefferson in his first inauguration address
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