Regulated Markets Lead To Monopoly

Jacob Sullum on the menthol exception to cigarette flavor prohibitions:

The front-page article reported that "some public health experts are questioning why menthol, the most widely used cigarette flavoring and the most popular cigarette choice of African-American smokers, is receiving special protection as Congress tries to regulate tobacco for the first time." (Here's why: Because Philip Morris, the only major cigarette manufacturer supporting the bill, does not want to give up the money it makes from Marlboro Menthol, the No. 2 brand in this category.)

Or see BK Marcus on Sarbanes-Oxley and going public:

This is the pattern with all such regulations. The bigger corporations support them, quietly or not, because they can bear the costs and thereby eliminate competition from "below." And the Marxoids say that unregulated capitalism has a natural tendency toward monopoly…

The Left loves small markets, small merchants, small businesses, but then does everything they can to promote the bigness of business — in the name of fighting Big Business.

Remember this the next time someone accuses "market fundamentalists" of being apologists for big business. Proponents of more government regulation knowingly or unknowingly promote centralization of markets, protecting existing firms from the regulatory effects of competition. More regulation from government means less regulation from market competition.

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