What Is A "Monopoly" Anyway?

Today, the competition bureau announced it’s going to look into whether or not google has too much dominance in the marketplace. The word monopoly wasn't actually used in this story but a Google run ‘Monopoly’ is really what is being investigated here.

Too often, people throw around the term “Monopoly” way too often. Progressives who use this word should really look up the definition in the dictionary. The definition of monopoly as given in the dictionary is:

Monopoly
: complete control of the entire supply of goods or of a service in a certain area or market
: a large company that has a monopoly
: complete ownership or control of something

There you have it, a monopoly is when one company or organization has 100% control over a marketplace or industry. However, monopoly is often used in the same sentence as ‘Walmart’ (or insert a big name company here). So if Walmart has a monopoly, then does Target not exist? Does Sears not exist? What about the dollar store? All of these companies are competitors for Walmart. Walmart may be the most successful and have the biggest share of the competitive pie, but by no means do they have a monopoly.

The fact is, monopolies almost never occur in the private sector. Monopolies occur almost exclusively with government. Like here in Ontario with the LCBO. If you want to buy wine or spirits, there is only one game in town, and that game is run by the government. Not only does the government have a monopoly on alcohol, they have outlawed all competition. THAT is a true monopoly. I find it funny that progressives who talk about these (fake) monopolies seem to be ok with government controlling almost every aspect of their lives. Let me tell you something, government will mess with you 100 times more often than any big corporation will.

I find it hilarious when a monopoly (government) investigates what it perceives to be a stranglehold on the marketplace. So much for Harper’s “Free Market Approach” huh?