17.2 The Real Definition of Monopoly || Matthew Mežinskis

Matthew explains how Marx had a flawed definition of a monopoly as a business that was so good in providing the good, that they “stole” a vast majority of the market share, to then raise prices to squeeze consumers. Rather, a monopoly is a business that can use the threat of government violence to keep new businesses away from entering the market. The monopolist has government privileges like licenses, tax subsidies, or patents.  Watch all Highlights: https://youtube.com/playlist?list=PLPwc75tPMdsjpqK1YHYYG5b55M6Y--6Qd Watch all full episodes: https://youtube.com/playlist?list=PLPwc75tPMdsixsuhwau82Q0IfxECo0z_E Website: https://WasabiWallet.io Blog: https://blog.WasabiWallet.io Documentation: https://docs.WasabiWallet.io GitHub: https://github.com/zkSNACKs/WalletWasabi Podcast: https://anchor.fm/Wasabikas YouTube: https://youtube.com/c/WasabiWallet