InícioHow do we keep monopolies from forming under a world ruled by Objectivist philosophy?EducaçãoUniversidade Atlas
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How do we keep monopolies from forming under a world ruled by Objectivist philosophy?

How do we keep monopolies from forming under a world ruled by Objectivist philosophy?

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December 26, 2023

Question: How do we keep monopolies from forming under a world ruled by Objectivist philosophy?

Answer: I think the answer is freedom, and its consequent, competition. Rigid monopolies can only come into existence and stay in existence by government support, usually prohibiting competition and not allowing freedom of entry. But under free market capitalism, we precisely have freedom of entry and so anybody who has a good idea is free to do so. There’s always lots and lots of people who want to try out their ideas.

And if, in fact, they are good ideas, they will find a market share. Also in a free market, any company that’s large and has a huge market share, sometimes that’s called a monopoly, but if it becomes bureaucratic, if it becomes inefficient, it’s no longer satisfying customer needs, wasting resources; the competition will force it to become more efficient or put it out of business.

Stephen Hicks Ph.D.
About the author:
Stephen Hicks Ph.D.

Stephen R. C. Hicks is a Senior Scholar for The Atlas Society and Professor of Philosophy at Rockford University. He is also the Director of the Center for Ethics and Entrepreneurship at Rockford University.

Ele é autor de A Arte da Raciocínio: Leituras para Análise Lógica (W. W. Norton & Co., 1998), Explicando o pós-modernismo: Cepticismo e Socialismo de Rousseau a Foucault (Scholargy, 2004), Nietzsche e os nazis (Ockham's Razor, 2010), Vida empresarial (CEEF, 2016), Liberalismo Pro e Con (Connor Court, 2020), Arte: Moderno, Pós-moderno e Mais Além (com Michael Newberry, 2021) e Oito Filosofias da Educação (2022). Publicou em Business Ethics Quarterly, Review of Metaphysics, e The Wall Street Journal. Os seus escritos foram traduzidos em 20 línguas.

Tem sido Professor Visitante de Ética Empresarial na Universidade de Georgetown em Washington, D.C., Visiting Fellow no Centro de Filosofia e Política Social em Bowling Green, Ohio, Professor Visitante na Universidade de Kasimir the Great, Polónia, Visiting Fellow no Harris Manchester College da Universidade de Oxford, Inglaterra, e Professor Visitante na Universidade Jagiellonian, Polónia.

Os seus diplomas de licenciatura e mestrado são da Universidade de Guelph, Canadá. O seu doutoramento em Filosofia é da Universidade de Indiana, Bloomington, EUA.

Em 2010, ganhou o Prémio de Excelência em Ensino da sua universidade.

A sua série de podcasts Open College é publicada pela Possibly Correct Productions, Toronto. As suas palestras e entrevistas em vídeo estão online no CEE Video Channel, e o seu website é StephenHicks.org.  


Instagram Takeover Questions:

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