How (Not) to Break Up a Monopoly

Friday, February 3, 2012
Chronicling his recent trip to Cuba, New York Post columnist Michael Goodwin concludes:

Cuban military leaders and other connected families are getting rich under the status quo through black-market gasoline, monopolies and government contracts. Any opening with America could doom their scam.

Based on what backwards economic theory?

How does providing Castro's monopolies access to the largest market in the world "doom" them?

To the contrary -- it would dramatically increase their wealth.

It's like arguing that Standard Oil's monopoly could have been broken up by even further increasing its market share and restrictive practices.

If this is illogical in a democratic system of laws, then it's absolutely absurd in a totalitarian dictatorship of selfish decrees.