Britain has several Chartered Companies that often were granted monopolies and other privileges on some geographic region, the East Indies Company being the chief and most notorious among these. Why did the British government decide to grant such privileges to so many companies?
Also, it wasn't just Britain. Several countries has similar companies. Answers regarding these countries are accepted as well.
What was the economic thinking related to the creation of these companies? Why did they fall out of favour? etc.
EDIT: Britain *had
School lunch debt at your government run schools and high medication costs caused by government granted monopolies. Capitalism really sucks.
Harvard Medical School study finds high drug prices in US caused mainly by government granted monopolies and market exclusivity jama.jamanetwork.com/arti…
Joel Spolsky: "Software developers don’t actually invent very much. The number of actually novel, non-obvious inventions in the software industry that maybe, in some universe, deserve a government-granted monopoly is, perhaps, two". joelonsoftware.com/items/…
Government-Granted Patent Monopolies and Structural Racism counterpunch.org/2020/06/…
Government-Granted Patent Monopolies Are Driving Up Drug Prices truthout.org/articles/gov…
[#17|+3956|604] Harvard Medical School study finds high drug prices in US caused mainly by government granted monopolies and market exclusivity [/r/politics] reddit.com/r/politics/com…
Having a Government-Granted Monopoly Means Never Having to Say You're Sorry mises.org/wire/having-gov…
The absurdity of conflating the TPP with "free trade" is brought out by the fact that its biggest impact may well be from increasing the strength of patent protection, especially in the case of prescription drugs. Patents are government-granted monopolies. They are the opposite of free trade. huffingtonpost.com/dean-b…
Harvard Medical School study finds high drug prices in US caused mainly by government granted monopolies and market exclusivity jamanetwork.com/journals/…
Joel Spolsky: "Software developers don’t actually invent very much. The number of actually novel, non-obvious inventions in the software industry that maybe, in some universe, deserve a government-granted monopoly is, perhaps, two". joelonsoftware.com/items/…
Harvard medical school finds high drug prices in the US caused mainly by government granted monopolies and market exclusivity. jamanetwork.com/journals/…
Harvard Medical School study finds high drug prices in US caused mainly by government granted monopolies and market exclusivity jama.jamanetwork.com/arti…
How is Clear Security at US airports not a government granted monopoly on privatized security clearance?
Clear Security at US airports is a subscription based service that lets you use a separate and much faster line for entering TSA checkpoints that confirms your identity using biometrics.
How could any other services compete with Clear when the barrier to entry for private airport security is restricted by the Department of Homeland Security?
Harvard Medical School study finds high drug prices in US caused mainly by government granted monopolies and market exclusivity jamanetwork.com/journals/…
TIL Stanley Ho, aka the King of Gambling, had a government-granted monopoly on all of the casinos in Macau for 40 years. He's also polygamous and before his first wife passed away, had 4 wives and 17 children. en.wikipedia.org/wiki/Sta…
Harvard Medical School study finds high drug prices in US caused mainly by government granted monopolies and market exclusivity jamanetwork.com/journals/…
Sanity Tuesday x/post, Harvard Study finds government granted monopolies are driving prescription drug prices through the roof. reddit.com/r/politics/com…
It seems that a talking point of conservatives is the inefficacy of government run agencies and lauding of the private sector. How then do they explain extreme customer dissatisfaction of competitive monopolies such as Comcast and other utility companies who are granted geographical contracts?
I'm just curious is all. Am I alone in thinking agencies such as the department of education could be extremely effective if they were a given the type of special treatment conservatives want to grant private sector firms?
Harvard Medical School study finds high drug prices in US caused mainly by government granted monopolies and market exclusivity jama.jamanetwork.com/mobi…
r/socialism is confused, thinks that a government granted monopoly is "privatization" np.reddit.com/r/socialism…
$10 drug being sold for $1500 after government-granted monopoly!!!! Is Gov't Subsidized R&D the answer? tumblr.com/xhc1sk73om
