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Well on the left they get silenced when they get too loud (evidenced by the post) I'd bet the same happens on the right. Lots of the biggest funders of libertar
by frgtpsswrdlame 9y ago
Well on the left they get silenced when they get too loud (evidenced by the post) I'd bet the same happens on the right. Lots of the biggest funders of libertarian think-tanks are also big corporate donors or individuals who made it rich on the back of a big corporation so I'd expect what happened to Barry and his group here is liable to happen to libertarians of the same mindset.
>all of them (plus neoliberals and many financially conservative folks) can agree that competition is at least one of their most important economic tenants
Note that this isn't true. Lots of free-market mindset people (libertarians and otherwise) believe that if a monopoly can provide a lower price then that's all that matters. That's part of the reason we're in this mess in the first place.
- logfromblammo 9y agoEr... I'm not sure why anyone would believe that monopoly could provide a lower price. The only problem a monopoly solves is whether the good or service is to be continuously available in the market or not. You might allow a monopoly if the alternative is periods of competition interleaved with periods where there are no firms left in the market at all. If you choose to grant a monopoly, prices will be higher, and supply more constrained, but the good or service will always be available to the highest bidders. You're never going to get a lower price out of one, unless the owners are impossibly altruistic.
- alexanderstears 9y agoMany people think a monopolist could provide the lowest possible prices. However, anyone who thinks a monopolist would provide the most consumer surplus has an opinion that's at odds with the consensus.
- logfromblammo 9y agoWow. That's a really polite and diplomatic way to describe "completely crazy". I might just re-use that wording myself.