📰 Source: mises | Mises Wire

✍️ Original author: Joshua Mawhorter

Originally, this article was intended to be an exploration as to how—after a period of initial patent monopoly and an all-too-brief episode of fre er market competition—cronyism reestablished a telephone monopoly that would last for decades. While such an article is worthwhile and hopefully forthcoming, I was struck by the influence of one man’s leadership strategy as president of AT&T/the Bell System and how open he was about limiting competition in his industry, inviting regulation, and seeking a “middle ground” between a pure state-owned monopoly and true free market competition. That man

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