Monopsony

clipped from www.davidwarrenonline.com A "monopsony," though equally evil, is yet technically the opposite. It is a market in which there are many sellers, but only one buyer. It is a market in which, to a laughable degree, the buyer now gets anything he wants. The classic example is the fate of the labourer under socialism, who becomes, for all practical purposes, the perfect slave. An excellent contemporary example is "climate change science." The one customer is the government, and the product they are buying is "scientific proof of anthropogenic global warming." They need it to justify government takeover of every aspect of the carbon economy. And since no one else needs it, they have their choice of suppliers.