On the local level -- which is where these monopolies are handed out -- it's actually been decades of "cut taxes, then cut taxes, then if it's not working cut taxes, and if you still have budget problems try a tax cut or ten, then cut taxes some more, then try a tax cut, and if you don't have any other ideas, maybe a tax cut will help".
Which has predictably resulted in basic services being cut and things that even the hardest ultra-hardcore libertarian wants government to do -- like providing police and courts to enforce contracts and property rights -- having to resort to overpolicing in order to collect money from citations, since that's the only revenue stream the "10 CUT TAXES; 20 GOTO 10" mentality will allow.