The rich are bad people. According to Oxfam two thirds of billionaires owe their fortunes to inheritance, cronyism, and monopoly. But Oxfam is Dead Wrong®. See why their illogical leap goes splat with Free To Choose® Media Executive Editor and Cato Institute Senior Fellow Johan Norberg.
The laissez-faire idea of perfect competition is a pipe dream. Instead, we see more concentration, more monopolies, and we need more regulation to stop it. Dead Wrong®. More barriers to entry only scare new companies away and actually prevent competition. Free To Choose® Media Executive Editor and Cato Institute Senior Fellow Johan Norberg explains why.
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