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Since when has a monopoly ever been a good thing?

In the U.S., it is the healthcare providers who form for-profit monopolies that jack up the prices and screw over the consumer - see for example: http://runningahospital.blogspot.com/2012/07/well-done-partn...

I'm not a fan of monopoly, but I'd rather have a monopoly that works in the interest of getting all patients healthcare and bargaining down consumer prices, rather than a monopoly that creates higher costs to feed the profits of providers.

5 weeks of paid vacation for all working people ... I would rather leave that up to companies

I would rather have the vacation time. The problem is that most companies exist in a competive market, productivity is not absolute, but relative. If our company unilaterally allowed everyone to take 5 weeks vacation, the revenue would not fall 5% based on the lost productivity. It might fall 20 or 30% or more, because we would lose market share to our competitors, and we are fighting in a winner-takes-all market. But if all companies in our market had to offer 5 weeks vacation, and this was enforced, then we would all be on the same footing, and all would be better off. It's a classic collective action problem. And the way to solve a collective action problem is that you form an organization and agree on binding rules with punishment for defecting - this is called a government.




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