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Originally Posted by Donny Walker Blaq
Originally Posted by rashi
Originally Posted by Donny Walker Blaq
It goes back to my few people cornering the market thing i mentioned earlier.
In a free market with little intervention the wealthiest organizaions will unite. So an OPEC-like situation will arise
alternative energy firms will be aquired in a hostile manner or alternative energy innovators will sell/license their ideas to the big conglomerate like OPEC
Furthermore, If there is little government intervention. In your case only defense of our counry. Who will prevent a scenerio like that from arising.
You told fox that you want only defense from the government but then you told me that Manopolies would be sued.
Who is gonna sue the mono and olligopolies to prevent the from being to powerful if government is only there for the purpose of defense?
Before I answer, what is your definition of a Monopoly?
My bad, I mean having enough resources to control a markets regulation and supply. I was kinda citing you tho.
I just want to know who is gonna prevent some powerful dudes with shared interest from cornering a large part of any product market(it doesnt have to be oil)if there isnt any government intervention.
Although our gov has caused some mkt failures i believe their intervention has prevent far more mkt failures
That's why I asked what your definition of a "monopoly" is. Standard definition will say "exclusive control, ect., ect.". My definition of a monopoly is someone e.g. cartel using force with violence in order to protect their monopoly. Which what it really means...
With that being said "exclusive" control cannot happen without the governments help via Copyrights, patents, and protecting "intellectual property". All of which are counter to Free Market principles. They use government to create artificial scarcity.
Now to your concern.
There is nothing wrong with individuals coming together to create a more efficient enterprise for their industry. The Robber Barons catch a lot of flack throughout history, but they made things so efficient and made prodcuts so cheap that it was putting small local companies out of business. These small businesses could not compete with the price of labor/production ratio. These small companies lobbyied their Congressman to make the Sherman Act and forcing those companies to be broken up because the smaller companies could not compete. Why should the government intervene on something where nobody is being hurt? Would you be hurt by low gas prices?
It would be impossible for a group of individuals to force people to buy their product. People wouldn't buy products at exceedingly high prices, too many people would have access to resources, or alternatives to create a scenario like that. This hypothetical company would lose, and lose big quick.
The ten of us can manipulat the free market with our 100 million by: paying bribes, creating barriers of entry, etc
What do yo do when the rich guys pay off or own the acredidation agencies
If the accredidation agencies were paid off and the business was producing a mediocre product, then that accreditation agency would lose credibility among the public and go out of business.
OPEC doesn't have sole possession of petroleum prices. Petro is high and scarcity is high because its artificial, this country isn't utilizing its own natural resources. There is no reason why we are depending on countries half way around the world to supply us with oil. Honestly, if it was declared open season tomorrow on onshore/offshore oil mines, you honestly think oil would be $90 a barrel?
As one of my heroes Ludwig von Mises once said:
[font=Times New Roman, Times, serif][/font][font=Times New Roman, Times, serif]Government interference always means either violent action or the threat of such action.... Government is in the last resort the employment of armed men, of policemen, gendarmes, soldiers, prison guards, and hangmen. The essential feature of government is the enforcement of its decrees by beating, killing, and imprisoning. Those who are asking for more government interference are asking ultimately for more compulsion and less freedom.[/font]