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Subject to availability, serving time supply. Hello, my name's David Runderman, and this is past-present future, the History of Ideas podcast.

Today, in our series on the history of bad ideas, I'm talking to the historian Mark Palin about the idea

of monopoly. And as promised, we will talk about the board game, but we're mainly going to be

talking about the arguments that are sometimes made in favour of monopolies, but also the many

different kinds of arguments that can be made against, including the arguments of

perhaps the most influential, the most important political thinker you may never have heard of,

Henry George.

Mark, we're talking about an idea today that some people listening might think, well,

obviously it's a bad idea. listening might think, well, obviously

it's a bad idea. They might just assume monopoly. That's a bad thing. When there's a monopoly,

someone controls part of the economy, they can raise prices, they can exploit consumers.

...