The Center for Freedom and Prosperity has a series of videos they call Econ 101. They have released a new video with Isabel Santa of The Cato Institute comparing monopolies to free markets. Government education monopolies are compared with other education choices. In a nutshell, Isabel Santa asks the question; “If monoplies deliver high prices and poor service everywhere else, why would we expect an education monopoly to be any different?

There are places where we need a monopoly. Who wants multiple natural gas companies with multiple sets of buried pipes in the ground? One utility serves us quite well thank you very much. These monopolies are also regulated. Such private companies are still motivated to keep costs down to maximize profits. This is not the case with government monopolies.