Free Market Failure: Monopolies

Part one in a little series.

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[zg76]

Ratings have been disabled for this video :))))

[AroundSun]

The free market can't create monopolies. This is a joke. There isn't one example of a monopoly that has formed free of government intervention. The very word monopoly comes from government controls. Are you retarded? Or part of a company that receives special favors and subsidies? Are your competitors taxed more than you are?

[ethnicallyamerican]

@AroundSun YOU are retarded. Many capitalist cretins simply fail to understand that in a capitalist system, there are absolutely NO regulations on economic actors, as state involvement in the economy is virtually nonexistent. An absence of laws to prevent and punish certain conduct from occurring naturally LEADS to corporatism, because businesses can infiltrate government and purchase favors from representatives, such as subsidies and tax breaks. A law against regulation is *GASP* a regulation!

[Commiton]

Very well stated. We can not expect many capitalists to see. They hold to their capitalism as if it were a religious faith, and like the religious towards the world, reality can demonstrably be one thing, but they will maintain it is the other. That however, is their problem, not ours.

[aggrajag2813]

>Say Americans are "Quite ignorant of their own history."

>Pretend unregulated monopolies are a thing.

[bdzevel]

(thanks for the argument, though.. I enjoy listening to opposing views.:) )

[bdzevel]

pt3

Short-term monopolies may also form by the cartelization of companies. What happened to these groups? They went out of business: they attempted to undercut the competitions prices to drive them out of business to gain market-share, posting short-term losses and achieving long-term profits (with no competition). What is the reality of this plan? Well, smart competition stepped in, bought their under-priced products, and then resold them at market-price after these cartels went out of business

[bdzevel]

pt2

"Evil" free-market monopolies are a fairy tale. As soon as so-called "monopolies" ramps up prices and lowers quality, they invite competition to step in and undercut them by lowering natural trade barriers (AKA Raising the opportunity cost of -not- competing with the company). Consumers' freedom of choice and competition undermines monopolies and trusts ('cartels') 500% of the time. Yes, even more than 100%. :)

[bdzevel]

pt1.

The only time a monopoly would form in a free markey is if consumers want it. A temporary monopoly may be formed if the company releases some completely new product that opens a new market, but this company would quickly find a sea of competition, though. You mentioned Standard Oil (Exxon)... Standard Oil actually made oil much cheaper (80% cheaper) for America! 30cents/gallon to 5.9cents/gallon between 1860s and 1890s with 90% of the market share!

[nebraskastatepatriot]

@Argonnosi Only against murderers. They have no quip executing unborn children, property owners and people who speak out against them.