Insights Into Things

Insights Into Tomorrow Episode: 13 “Modern Monopolies”


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Today we’re discussing monopolies in the modern age. We’ll understand what a monopoly is, how they operate and why they are detrimental to a free and open market, yet they are a unique product of capitalism. We’ll take a brief look at the history of monopolies in American and how they’ve been handled before we look to the future with today’s monopolies and the complications inherent in regulating them.
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Show Notes
[INTRO THEME]
[INTRODUCTIONS] (3-5 minutes)Show introduction:Insights Into Tomorrow Episode: 13  “Modern Monopolies”Host introductionsHost (Joseph Whalen)My co-host (Sam Whalen)[SUMMARY]Today we’re discussing monopolies in the modern age.We’ll understand what a monopoly is, how they operate and why they are detrimental to a free and open market, yet they are a unique product of capitalism. We’ll take a brief look at the history of monopolies in American and how they’ve been handled before we look to the future with today’s monopolies and the complications inherent in regulating them.
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Summary
[TRANSITION]
[SEGMENT 1: Topic Introduction/Episode Premise] (5-10 minutes)
What is a monopoly?
https://www.investopedia.com/terms/m/monopoly.asp
https://bit.ly/3fohfrC
A monopoly refers to when a company and its product offerings dominate a sector or industry. Monopolies can be considered an extreme result of free-market capitalism in that, absent any restriction or restraints, a single company or group becomes large enough to own all or nearly all of the market (goods, supplies, commodities, infrastructure, and assets) for a particular type of product or service. The term monopoly is often used to describe an entity that ha
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Insights Into ThingsBy Joseph Whalen

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