Libertarianism 101 | Cato Institute

Libertarianism 101 | Cato Institute: "Exclusive licenses to privileged rivals nurture monopolies at public expense. Targeted tax benefits, subsidies, guarantees, and loans; or tariffs and quotas to protect domestic companies from foreign imports, spawn the same anti-competitive environment that antitrust laws are meant to foreclose. Corporations exploit the law — consorting with members of Congress, their staffers, and the best lobbying firms that money can buy. Too often, that’s the practical consequence of government intervention."