Full Title: Destroying Oil's Monopoly and OPEC's Cartel
Author(s): R. James Woolsey
Publisher(s): Geopolitics of Energy
Publication Date: March 1, 2012
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Description (excerpt):
This paper argues as the distinguished free-market economist, Friedrich Hayek stressed (and in similar words Adam Smith and Milton Friedman did as well), monopolies and cartels are the major enemies of free markets. Destroying them should be the first priority of those in government who want their societies to have the advantages of a market economy.