Comments on: Finding affordable dentist like pulling teeth? Property - Prosperity - Peace Sat, 09 May 2015 08:06:55 +0000 hourly 1 By: Martin Faries Thu, 07 Feb 2013 23:09:23 +0000 Brian, very interesting post. I love these kinds of anecdotal stories. They are a big help in understanding economic controversies, case by case, in the real world.

I totally agree; there is a market demand for low-cost dentistry that isn’t being met. I’m sure you will agree that there are market demands that are not being met all over the place. Our economy is full of them.

That’s what it always gets down to in a country in which markets are sabotaged by government.

Why do governments do this?

They do it to reward their biggest supporters, and they do this via monopoly privileges. As you pointed out, these privileges effectively eliminate competitors, especially small newcomers to the business, from entering the field. The established giants are naturally obsessed with the status quo. They do not want any challenges to their market dominance because, as Mises put it, “It hurts vested interests and threatens traditional ways of production and consumption.” (The Anti-Capitalistic Mentality, p. 106).

These privileges are a huge drag on our economy that we are forced to put up with because our government reps do this under the color of law, and are, therefore, very hard to influence or stop.