[vc_row][vc_column][vc_column_text]At FreedomFest in Las Vegas this month, Whole Foods CEO John Mackey sat down to talk free markets and monopolies with John Stossel for “Stossel” on FOX Business.
After sharing the story about the ridiculous lawsuit that the government brought against the healthy grocery chain, claiming that they held a monopoly in the premium, natural foods market, an absurd accusation since any food store can share the same products with no barrier to entry, Mackey, author of Conscious Capitalism – Liberating the Heroic Spirit of Business, explained to the FreedomFest crowd that because of the dynamics of competition, the only way for monopolies to exist and maintain is with the assistance of big government.
Mackey, to loud applause, also shed light on the types of monopolies government approves of, like the public school system and socialized medicine.[/vc_column_text][banner300 banner=”5517620b381df”][vc_column_text]
“The only time you can have a monopoly is when the government prevents competition. Well, sort of like the public school system — or socialized medicine,” Mackey declared.
John Stossel then gave the example of the old AT&T before the government break-up, which was in cahoots with big government, back when you could only get a telephone from the government-approved monopoly.
“The government partnered with AT&T,” Stossel pointed out.
“Look what’s happened to the telephone business since we deregulated AT&T,” Mackey said. “It’s amazing.”
Mackey gives another example — airlines — stating that in 1978, before the industry was deregulated, only 15 percent of the American public had ever flown in an airplane,” he explained. “And now, it’s a lot cheaper and like 85 percent of adults have been on an airplane.”
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