In “The Gridlock Economy,” Michael Heller says that having too many owners holding a piece of the economic pie causes the whole system to shut down, hurting everybody involved.

He gives the example of an entity trying to obtain several parcels of property by eminent domain, only to be stymied by one owner who holds out, either out of a desire to keep the property or to extract a higher price. The project never gets completed in some cases, or spends years in court.

The basic thrust of his book is that, in many cases, a monopoly is more efficient than competing mini-monopolies constantly undermining one another and by extension hurting the consumer. A monopoly assures its future health by making sure its consumers remain healthy enough to continue buying its products or services.

To read a more extensive review of “The Gridlock Economy,” CLICK HERE.