Yes! next question please. ;) No in all seriousness. that's not what they said.
> My argument is that Monopolies are trade offs. In a world without monopolies you have very little innovation in peace time. Monopolies are bad for consumers but the trade off is that they can afford to innovate and push the world forward. It's not as black and white as people like to think.
I find this argument funny, as it states: "not as black and white as people think" to then paint a black and white argument... Yes monopolies are not always bad. But one can't be serious and not acknowledge that for the most part they stifle innovation.
Also, I would say some of humanities best inventions and innovations where before monopolies. But hey, that's just my "black and white" view on history ;)