You don't need 'industry connections' to make a chemical. The only reason there is a monopoly is because of patents -> government intervention
If I set up the bare minimum factory installation needed to produce insulin, it would be illegal because of safety rules and numerous other regs -> government intervention
You don't need 'industry connections' to make a chemical. The only reason there is a monopoly is because of patents -> government intervention
If I set up the bare minimum factory installation needed to produce insulin, it would be illegal because of safety rules and numerous other regs -> government intervention
No, not a free market.