The Myth of Natural Monopoly (by Thomas DiLorenzo)

The seventh of ten lectures from the 2006 Steven Berger Seminar: Thomas DiLorenzo on Liberty and American Civilization, recorded at the Mises Institute, 06-08-2006.
http://mises.org/events/86

See also Monopoly and Competition (by Murray N. Rothbard) - http://www.youtube.com/watch?v=76pWdExqfkY

LUDWIG VON MISES INSTITUTE - CREATIVE COMMONS ATTRIBUTION 3.0

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[Clyaton]

@AndroidPolitician 4 guys are in a room and the heater broke and it got cold. 1 man proposed that they take the clothes of the fat one, and split it among them to stay warm, they voted and it came 3-1 for taking his clothes. The fat man died of pneumonia. That's democracy, and IS dictatorship of a minority by a majority. America is NOT a democracy, it is a republic. Even in a republic the majority often tramples the minority such as in the drug war, but not as bad as pure democracy.

[SunBeamsan]

@AndroidPolitician

lol. Anarcho-Capitalism doesn't create "sustainable" economies? It funny how you're going as far back as the 1700's before "Capitalism" as defined today even existed. Tariffs are simply a monopoly tool to keep competition out. Had tariffs not been in place, people would have had cheaper food and not go hungry. Your Haiti example is completely senseless and lacks utter relevance.> "I doubt millions of people will organize to create and hold regulations without laws?" On what?

[helltrackrider]

@AndroidPolitician

So...voting on decisions that affect people collectively and do not involve rights?...explain one situation where the outcome of the collective vote will not affect the individual.

Reminder ... in order to fund anything that "benefits" the collective; the individual must be removed of his property....also, in order to assure that the individual complies with the collective vote - that individual must be forced.

Anarchy is the only true freedom that can exist.

[Illyrien]

@AndroidPolitician

Unless there is a iron clad law saying that economics of scale leads naturally to monopolies in a free market, its an irrelevant criticism.

[AndroidPolitician]

@Clyaton

That would be democracy if the people in the room were sociopaths but assuming that people aren't evil and stupid, there would of been other solutions in your little hypothetical situation.

Plus democracy is not without inalienable rights just like a republic or whatever false dichotomy you use. People can't vote to take away other people's rights but they can vote on decisions that affect people collectively and don't involve rights.

[Vessol]

@soccerlover1980

That's just being closed-minded. If I am presented the facts, I will change my mind on anything.

[AndroidPolitician]

@SunBeamsan

I know money was replaced by vouchers but I don't recall prostitution being banned. At any right it's 3 AM I'll be back later on.

[AndroidPolitician]

@SunBeamsan

It means policy based on majority public opinion so unless you think the public at large is evil then yes it would be a great system.

Those "self-organizing legal systems" are pointless if someone with the biggest gun takes control of everyone else and since Lex mercatoria was always historically enforced by a state.

Uhh I hope you mean "violence" by defending themselves from Fascists and communists. (Cont.)