This guy's just another dumbass who doesn't know his head from his ass when it comes to economics. Don't let left-wingers teach you econ. They fail every time. The "classical" (not sure what he means by that exactly. neoclassical?) definition of "monopoly" is NOT what we have today, you fucking joke! Get a grip! Look at dept. stores. K-Mart, Wal-Mart, target, etc. We have PLENTY of competition in so many fields in the U.S. What "monopoly"? gimme a break..
@whoo689 The "monopoly" is all in Barry's head, apparently. I mean, the coke and pepsi wars are still very intense. Highly competitive. Does this guy even reference any good academic studies in his research? The classical view of monopoly is ONE firm running pretty much everything in an industry. The firm IS THE MARKET. That's not really the case in almost all American industries. Aloca is one of the few remaining monopolies. USPS still has a monopoly on letter-carrying.
@whoo689 USPS used to be a full gov't agency, btw. I don't need Barry's "wisdom" to see that it's not as black and white as saying "we've totally monopolized the economy" and downplaying the positives of economic advancement in the last few decades. This guy's just another fucking ideologue trying to pose as an economics expert. He can't deal w/ the fact that economics ISN'T what he wants it to be, so he's gonna try to CHANGE it to fit his biases.
@whoo689 it's the same old story. "corporate bad, gov't good" Everything that's bad MUST come from corporations, and the only solutions can come from gov't. Please... One must be skeptical of BOTH.
Besides, doesn't he realize that liberals and bureaucrats effectively create monopolies on their own as well? Remember all the insane regulations on health insurance across the states? THOSE aren't exactly pro-competition, esp. when they don't let you BUY ACROSS STATE LINES!!!
@whoo689 It's Congress that passed the buck by passing mccarran-ferguson in the 1940s. It wasn't insurance companies that created those statewide monopolies on their own. National insurance market would force them to be much more competitive.
@whoo689 In terms of glasses, this guy lists 3 companies supposedly owned by the same corporation. That's all well and good, but he FORGOT D.O.C. and America's Best. WTF? And I'm sure I could probably name many others if I could recall em. Monopoly MY ASS.
@whoo689 This is a short piece about his book. Before you doubt his message, read his book. You don't need to control 100% of a market, you can control it through complicity, cooperation, price fixing too. Another book called 13 Bankers made the same basic argument, but it restricted itself to the banking sector. Similar premise though.
@whoo689 It was GOV'T that gave AT&T a monopoly until the 80s. They didn't just acquire this on their own. The common liberal misconception is that monopoly is somehow a TOTALLY NATURAL result from market forces. But in competitive markets w/ lower barriers to entry, this is not the case. They also have not empirically proven a single instance of "predatory" pricing. Plus, there are many frivolous suits brought in the name of antitrust against certain efficient firms. IT's bogus.
@whoo689 Who was it that was encouraging Fannie and Freddie to take on an excessive amount of home loans to underwrite and securitize in the 2000s? Oh, ,that's right... Democrats!! esp. after 2006.
Besides, this barry guy seems completely ignorant of the concept of ECONOMIES OF SCALE. Sometimes you NEED a large organization to do expensive things like R&D and reduce marginal costs and increase productivity. fucking idiot.
This guy's just another dumbass who doesn't know his head from his ass when it comes to economics. Don't let left-wingers teach you econ. They fail every time. The "classical" (not sure what he means by that exactly. neoclassical?) definition of "monopoly" is NOT what we have today, you fucking joke! Get a grip! Look at dept. stores. K-Mart, Wal-Mart, target, etc. We have PLENTY of competition in so many fields in the U.S. What "monopoly"? gimme a break..
whoo689 1 year ago
@whoo689 The "monopoly" is all in Barry's head, apparently. I mean, the coke and pepsi wars are still very intense. Highly competitive. Does this guy even reference any good academic studies in his research? The classical view of monopoly is ONE firm running pretty much everything in an industry. The firm IS THE MARKET. That's not really the case in almost all American industries. Aloca is one of the few remaining monopolies. USPS still has a monopoly on letter-carrying.
whoo689 1 year ago
@whoo689 USPS used to be a full gov't agency, btw. I don't need Barry's "wisdom" to see that it's not as black and white as saying "we've totally monopolized the economy" and downplaying the positives of economic advancement in the last few decades. This guy's just another fucking ideologue trying to pose as an economics expert. He can't deal w/ the fact that economics ISN'T what he wants it to be, so he's gonna try to CHANGE it to fit his biases.
I'm tired of this fatalist shit.
whoo689 1 year ago
@whoo689 it's the same old story. "corporate bad, gov't good" Everything that's bad MUST come from corporations, and the only solutions can come from gov't. Please... One must be skeptical of BOTH.
Besides, doesn't he realize that liberals and bureaucrats effectively create monopolies on their own as well? Remember all the insane regulations on health insurance across the states? THOSE aren't exactly pro-competition, esp. when they don't let you BUY ACROSS STATE LINES!!!
whoo689 1 year ago
@whoo689 It's Congress that passed the buck by passing mccarran-ferguson in the 1940s. It wasn't insurance companies that created those statewide monopolies on their own. National insurance market would force them to be much more competitive.
whoo689 1 year ago
@whoo689 In terms of glasses, this guy lists 3 companies supposedly owned by the same corporation. That's all well and good, but he FORGOT D.O.C. and America's Best. WTF? And I'm sure I could probably name many others if I could recall em. Monopoly MY ASS.
whoo689 1 year ago
@whoo689 This is a short piece about his book. Before you doubt his message, read his book. You don't need to control 100% of a market, you can control it through complicity, cooperation, price fixing too. Another book called 13 Bankers made the same basic argument, but it restricted itself to the banking sector. Similar premise though.
pvisserandorra 1 year ago
@whoo689 It was GOV'T that gave AT&T a monopoly until the 80s. They didn't just acquire this on their own. The common liberal misconception is that monopoly is somehow a TOTALLY NATURAL result from market forces. But in competitive markets w/ lower barriers to entry, this is not the case. They also have not empirically proven a single instance of "predatory" pricing. Plus, there are many frivolous suits brought in the name of antitrust against certain efficient firms. IT's bogus.
whoo689 1 year ago
@whoo689 Who was it that was encouraging Fannie and Freddie to take on an excessive amount of home loans to underwrite and securitize in the 2000s? Oh, ,that's right... Democrats!! esp. after 2006.
Besides, this barry guy seems completely ignorant of the concept of ECONOMIES OF SCALE. Sometimes you NEED a large organization to do expensive things like R&D and reduce marginal costs and increase productivity. fucking idiot.
whoo689 1 year ago