Acton Institute Powerblog Archives

Post Tagged 'monopoly'

A lottery sell-off is a sell-out

In this week’s Acton Commentary, I examine the most recent buzz-worthy trend in the lottery industry: privatization. While most critics of these moves have pointed to the foolhardiness of selling off a long-term income stream for a lump sum jackpot, I argue that privatization by itself does nothing to address the underlying problems afflicting the lottery business. Continue Reading...

A government-enforced monopoly

Let’s engage in a little thought experiment. How would you feel about the following scenario? 1) The government bans all activities associated with Industry X because it judges that this industry damages the common good. Continue Reading...