It is a liberal tradition to be pro-businesses but against monopolies, this is one of the clear dividing lines of the economic heritage of the Liberal Party and the Conservative Party.
Milton Friedman the farther of free market economics put forward the idea that is was the role of the State to set the rules of the market and to ensure that all competitors of that market obeyed the rules.
Friedman also wrote about the danger of the concentration of power would damage the free market my taking away power from the consumer. This concentration of power could be of the state or of private enterprise, both he identified were equally damaging.
The radical Liberal Party embraced free market economics and fought for the repeal of the Corn Laws of 1815 and became the personal mission of the Liberal Whig Charles Pelham Villiers.
More recently the Liberal Democrats campaigned for the change in voting system to break up the dogmatic two party system by attempting to introduce the Alternative Vote, reducing the number of safe seats, and reducing the monopoly of the two party system.
A number of MPs whom occupied safe seat had become used of their job for life, abusing the expenses system, selling their allegiances to lobbyists and taking for granted the votes of there constituency.
The referendum of the Alternative Vote was a liberal attempt to break down the monopoly of the two party system and allow voters a real choice.
The Liberal Democrats under the guidance of Vince Cable, have campaigned for the separation of the Banking sector. The Banks under successive Conservatives and Labour have become monopolised with very little competition from the super banks.
The lack of competition in the market meant that the banking sector could hold theUKto ransom when they went bust, because they were reckless with our money and encouraged this recklessness with huge bonuses.
The Liberal Democrats would not only like the separation of the retail banks from they would also like to see that the tax payers investments are distributed to the British people, ensure there would be no monopoly holding of shares in some of the largest banks in the UK.
The Liberal Democrats in coalition are breaking up monopolies that have grown under New Labour. Local Government is to benefit from localism, the house of lords an unelected monopoly is to have elections, the monopoly of the home sectary on policing is to be broken, the monopoly of the PCT to commission services transformed in the NHS Reform, the Academy programme giving schools the power to spend their money on service they need and then the bonfire of quangos that dismantled an undemocratic layer of bureaucracy.
Now we come to the topic of the day, the monopoly of the media, it is it surprising that the monopoly of Rupert Murdoch turned out to be corrupt. The simple answer is no, as Freidman identified monopolies breed corruption and disrupt the free market, taking power away from the individual.
A simple Liberal approach to this would be one man one paper, I am sure some of our allies on the left would jump for joy at the idea of this! Or something similar to the separation of the banks, one person may own many papers and give strategic direction but must not interfere in the day to day running of those papers a sort of fire wall of independence.
Newspapers could also look allowing their readers to get involved in the management of the paper by electing lay advisors that help ensure that the paper would always work in the public, not too dissimilar to school governors or lay persons on policing authorities.
As liberals we are ideologically opposed to the concentration of power and our policies in government show how we are breaking up monopolies one by one making Britain a more liberal place. Murdoch’s media monopoly must be next on the agenda.