Democratic governments have always spent time talking about creating regulations to control monopolies, or at least the profits that can accrue to the monopolist.
In Australia, it has only been talk, and choices to sell public natural monopoly assets to private industry for short term cash. The new monopolist then exercises monopoly pricing power, while the seller governments bleat about market power, as Sydney airport, and electricity distribution have clearly demonstrated.
Elsewhere the examples of action beyond the exercise of the Legislative power to break up monopolies are few and far between. In the US, powers under the Sherman Act were used to break up Standard Oil in 1911, and AT&T in 1984. There was a failed attempt to break up Microsoft in the late 90’s, and currently there is much bleating about the power of Tik Tok, yet to see concrete action.
Beyond those examples, and a few fines of digital platforms under European legislation, little progress has been made. We may see some action in the US to separate the ownership of TikTok from its Chinese parent at some point.
Dictatorships tend to go the other way, with the person at the top holding the whip hand and amassing the profits.
Monopolies are huge profit generators.
Governments feel compelled to control them (until they sell them). So, it seems like a pretty good idea to me to find a market niche, or product category where you can hold a monopoly, or dominate such that you have price setting power.
Be the only solution to a problem, control the best itch scratcher available, and the profits will flow.
I suspect this may be a bit politically incorrect, but think about it.
Creation of something that is so good, so far in front of the competition, so irreplaceable, that there is no viable alternative is surely the objective of all commercial enterprises.
