This post is a response to the question "Do you think the government should become involved when a monopoly is formed in a market?" posed by @joshweertman.
In short, the government should not interfere when it comes to market monopolies. This is in part due to the dangerous territory governments can tread in called control. If governments try to interfere with any aspect of the market, including monopolies that are generating the most revenue, they border on total control which can lead to socialism. In fact, government interference in market monopolies like this have proven to only help the market monopoly. For example, in 2016, Obama announced his support for a "Federal Communications Commission plan to open the market for cable set-top boxes." (Dayen) This benefitted Google because they're a part of that cable set-top box market and having the support of a former president can have a tremendous effect on people. This angered cable and telecommunications companies so much that AT&T chief lobbyist Jim Cicconi called it "the Google proposal." (Dayen) Another reason why the government should not interfere when it comes to market monopolies is because of the hypocrisy that lies with it. Biden has been known during his presidency for attacking big tech companies and trying to promote competition within the market. However, Biden utilizes social media every day and consistently uses the products these big tech companies create. This creates conflict within the government, marketplace, and the nation because of the hypocrisy that lies within these criticisms yet mass use of these big tech companies in the government. Finally, government interference with the marketplace is unwise because it would have little to no effect. Without complete control of the citizens of a nation, the economy is unpredictable, and people will still have the choice to support these market monopolies if they so choose. Government and marketplace interference damages a nation because it calls into question who the power really belongs to.
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