Tag Archives: monopoly

A win for the shmos

monopoly (noun)
mo·​nop·​o·​ly | \ mə-ˈnä-p(ə-)lē
1 : exclusive ownership through legal privilege, command of supply, or concerted action
2 : exclusive possession or control

By the way, this is the beauty of the free market. The Egyptian scribes weren’t about to change hieroglyphics. Hieroglyphics was job security. Hieroglyphics could be read or written by the scribes only—scribes were an elite class because hieroglyphics is so difficult. The scribes controlled who got to read or write. The scribes had a monopoly. But the Phoenician traders had a big-time need for an efficient writing system. A new technology—the alphabet—was invented, the traders enthusiastically adopted it, and so the scribes’ monopoly was busted up.

Here’s homework (yay!): can you think of a communications technology today that’s owned and closely guarded by a small handful of people? What would happen if someone—maybe you—invented a simple, accessible different technology to replace it?

https://www.merriam-webster.com/dictionary/monopoly
https://dictionary.cambridge.org/us/dictionary/english/monopoly
https://economictimes.indiatimes.com/definition/Monopoly

Back to the beginning of The Western Civ User’s Guide to Reading & Writing.