• Bluescluestoothpaste@sh.itjust.works
    link
    fedilink
    English
    arrow-up
    1
    ·
    1 year ago

    The only difference is that, in a free-market setting, they wouldn’t have any monopolical privileges

    You cant have a free market without a government enforcing anti monopoly laws.

    • MenKlash@kbin.social
      link
      fedilink
      arrow-up
      1
      ·
      1 year ago

      You cant have a free market without a government enforcing anti monopoly laws.

      A free market is not free at all if the government is stepping in any voluntary exchange.

      The existence of “anti-monopoly” laws has caused more harm than good by protecting particular competitors, not competition. In fact, monopolies can only survive through government-grant privileges, for gaining legal rights to be a preferred producer is the only way to maintain a monopoly in a free-market setting.

      “A market society needs no antitrust policy at all; indeed, the state is the very source of the remaining monopolies we see in education, law, courts, and other areas.”

      • Bluescluestoothpaste@sh.itjust.works
        link
        fedilink
        English
        arrow-up
        1
        ·
        1 year ago

        In fact, monopolies can only survive through government-grant privileges

        This is just false. You dont understand economics at all if you dont understand how all free markets naturally devolve into monopolies. Yes, governments can also grant monopolies by force, but without antitrust laws literally every market becomes a monopoly.

        • MenKlash@kbin.social
          link
          fedilink
          arrow-up
          1
          arrow-down
          1
          ·
          1 year ago

          You dont understand economics at all if you dont understand how all free markets naturally devolve into monopolies.

          I’m a “follower” of the Austrian School of Economics, although the idea that monopolies are government-grant privileges was first originated by the economists of the classical school (and they were right).

          Predatory pricing cannot be sustained over the long haul, and not even this should be regretted since it benefits the consumers. Attempted cartel-type behavior typically collapses, and where it does not, it serves a market function.

          The definition of a monopoly by the idea of “monopoly price” has no effective meaning in free-market setting, which are not snapshots in time but processes of change.

          • Bluescluestoothpaste@sh.itjust.works
            link
            fedilink
            English
            arrow-up
            1
            ·
            edit-2
            1 year ago

            I’m a “follower” of the Austrian School of Economics

            Okay, so you admit you have no idea how economics work. That’s really cool you’re part of an economics fanfic club though.

            • MenKlash@kbin.social
              link
              fedilink
              arrow-up
              1
              ·
              1 year ago

              Okay, so you admit you have no idea how economics work.

              You’re not even trying to counter-argue my argument.