Monopoly and Competition | Thomas J. DiLorenzo

[eggory]

I think DiLorenzo is making the wrong case. He keeps saying that comparing to perfection is a logical error that prevents Keynesians from appretiating the economics of reality. But comparing to perfection is just a general way to stay on the improve. The problem is how they're getting there. Ideal market = ideal competition = complete homogeneity for its own sake = we should disincentivize innovation. That is what makes absolutely no sense.

[12Tamtui]

Thomas DiLorenzo is the man, but he could stand to work on his penmanship bwaahahahahaha. I have never seen such chicken scratch lol. On a serious note, this was a wonderfully insightful presentation.

[successfulbuild]

All capitalist economies move towards centralization. This has been proven and is not even up for debate anymore. Thomas DiLorenzo is a revisionist historian who shouldn't even write about history given his degree in economics (which is not much about history in today's economics' departments). He provides no evidence for any of his beliefs in this video.

[KSTCBH23]

@successfulbuild BS. Capitalist economies move toward specialization, not centralization. Centralization (central planning) is the antithesis of capitalism, where individuals own the means of production. Also, all of DiLorenzo's books are fully sourced. It is kind of hard to be a revisionist if the whole of your material is being sourced from those originally involved in the topic at hand. The evidence to back his claims can be found within the text and source material for his books.

[Panax07]

@KSTCBH23 Ah yes the Al Gore argument.

"My concept has been proven, therefore the debate is over."

If you are so confident that the debate is over, why are you reluctant explain why you won before the fight even started.

[cabgt]

@successfulbuild You need a degree to be right? Paul Krugman is always right is he? Lol. I think you don't understand free market capitalism and Austrian Economics. Do some research if you're academically minded prior to making silly comments on here that only destroy your own credibility.

[ryanswan0]

@successfulbuild

Only someone who lives in academia could say something so incredibly incorrect and ignorant.

[PumpkinJoe999]

@successfulbuild

"who shouldn't even write about history given his degree in economics" Really, would you please present your B.A. in internet trolling sir.

[NicosMind]

Ive listened to Rothbard talking about monopoloies and cartels. Its entertaining and informative

[grraadd]

Coke recipe (0:23:30) for you: sugary water (corn syrup) plus salt to make drinkers thirsty. Beauty is in simplicity ;-)

[uttles]

These are excellent videos!!!

[JETZcorp]

I don't think I could ever be an economist. My handwriting isn't bad enough to meet the standard of these great legends. :-P