Corporations, Corporatism, and Monopolies

The Arkansas State Constitution has this to say about monopolies in Article 2, Section 19, Declaration of Rights:

"Perpetuities and monopolies.
Perpetuities and monopolies are contrary to the genius of a republic, and shall not be allowed; nor shall any hereditary emoluments, privileges or honors ever be granted or conferred in this State"

It is absolutely true that monopolies are contrary to the genius of a republic and to freedom itself. The only problem is that the Section is vague on how best to stop corporatism/monopolies from occurring. Indeed, many would read this to think that government itself must simply pass a law or compile endless amount of redtape and regulation and this will somehow result in protecting free markets and ending monopolies. But this is not true. History has shown that in a free market economy, where no individuals, groups of individuals or businesses are granted any special privilege OR weighed down with regulation, monopolies almost never occur!
And yes, in those economies where businesses ARE granted special privilege AND/OR weighed down with heavy regulation, monopolies are almost guaranteed to occur and never go away.

Competition in markets are what keep out monopolies, as businesses compete for employees and costumers, they are driven to produce the cheapest products with the highest quality and the best wages for their workers. In an overly regulated market, competition is destroyed because the government in its regulation crushes smaller businesses with expensive fines, fees, etc and allows larger corporations to be free to take over that entire market and endlessly grow into powerful corporations that we see all over the country today.
The best way for the Arkansas Government to keep out monopolies and to end the ones we have today would be to simply get out of the economy, end the over regulation, end the special privileges and favors and let the Free Market fix itself, which it is more than capable of doing.