Show me an example of an unregulated coercive monopoly whose source of monopoly power is not ultimately the government.
The Mafia. The handful of world-class coke dealers. Your local church.
Umm... both of those are around because the governemtn made the cost of delivering both alcohol and drugs prohibitively high, in terms of legal punishments and in terms of sheer distribution costs. Legal drugs, or even lightly regulated drugs would spur competition, and probably reduce the number of poo quality drug batches that make it out into the market. When your reputation to a bunch of addicts can disappear *and* competition exists, you can lose a lot of business real quickly. Production costs are fairly low on these products, the real costs is in distribution and defense. Thsi is *clearly* a government induced monopoly. Ryan Anderson PGP fp: 7E 8E C6 54 96 AC D9 57 E4 F8 AE 9C 10 7E 78 C9