3 ms·

I would argue that integrated markets and mutually beneficial trade are a big reason countries don't go to war. Markets are wonderfully adaptable, much more so

by bko 10y ago

I would argue that integrated markets and mutually beneficial trade are a big reason countries don't go to war. Markets are wonderfully adaptable, much more so that central planning. Don't have to source right now but I read that Japan had supplied most of the US rubber before ww2. After the war broke out and trading stopped, there was a big incentive to develop a synthetic rubber, which was accomplished very quickly.

dpwm 10y ago
It is therefore a curiosity that the most free-market obsessed leaders appear to be those most likely to pursue conflict. How do you prevent monopolies? Ideas that lead to wealth decay or redistribution seem to be an anathema in modern capitalist societies. Regulation apparently stifles the market. How does the monopoly avoid overproduction? Lean methodologies? [edit] Edited too much out to the point where it seems curt. I'm interested in free-market proponents' views on monopolies. Also, forgot to mention I found the info about synthetic rubber to be particularly interesting -- Wikipedia has more info including posters. [0] https://en.m.wikipedia.org/wiki/Synthetic_rubber#World_War_II https://en.m.wikipedia.org/wiki/Synthetic_rubber#World_War_I...
- bko 10y ago
  > It is therefore a curiosity that the most free-market obsessed leaders appear to be those most likely to pursue conflict. Source? List of ongoing armed conflicts [0]. Very little in relatively free-market areas such as the US and Europe. [0] https://en.wikipedia.org/wiki/List_of_ongoing_armed_conflicts#/media/File:Ongoing_conflicts_around_the_world.svg https://en.wikipedia.org/wiki/List_of_ongoing_armed_conflict...
  - macawfish 10y ago
    The U.S. and other leading colonial governments have interfered in foreign governments for decades. Source: Noam Chomsky.
    - bko 10y ago
      Okay, compared to non-market economies that have been bastions of civil liberties?
kiba 10y ago
The US would have tremendous incentive to develop synthetic rubber because of the war anyway, markets or not.

by bko 10y ago

dpwm 10y ago

It is therefore a curiosity that the most free-market obsessed leaders appear to be those most likely to pursue conflict. How do you prevent monopolies? Ideas that lead to wealth decay or redistribution seem to be an anathema in modern capitalist societies. Regulation apparently stifles the market. How does the monopoly avoid overproduction? Lean methodologies? [edit] Edited too much out to the point where it seems curt. I'm interested in free-market proponents' views on monopolies. Also, forgot to mention I found the info about synthetic rubber to be particularly interesting -- Wikipedia has more info including posters. [0] https://en.m.wikipedia.org/wiki/Synthetic_rubber#World_War_II https://en.m.wikipedia.org/wiki/Synthetic_rubber#World_War_I...

bko 10y ago
> It is therefore a curiosity that the most free-market obsessed leaders appear to be those most likely to pursue conflict. Source? List of ongoing armed conflicts [0]. Very little in relatively free-market areas such as the US and Europe. [0] https://en.wikipedia.org/wiki/List_of_ongoing_armed_conflicts#/media/File:Ongoing_conflicts_around_the_world.svg https://en.wikipedia.org/wiki/List_of_ongoing_armed_conflict...
- macawfish 10y ago
  The U.S. and other leading colonial governments have interfered in foreign governments for decades. Source: Noam Chomsky.
  - bko 10y ago
    Okay, compared to non-market economies that have been bastions of civil liberties?

kiba 10y ago

The US would have tremendous incentive to develop synthetic rubber because of the war anyway, markets or not.