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Facebook and your cable company are similar in that they both offer a compelling (for some people, at least), yet unessential product. in these situations, you
by leetcrew 8y ago
Facebook and your cable company are similar in that they both offer a compelling (for some people, at least), yet unessential product.
in these situations, you vote with your wallet by no longer using the service. there are issues with the libertarian "vote with your wallet" theory, but this is not one of them.
- fixermark 8y agoHow does Libertarian "vote with your wallet" theory deal with essential products?
- leetcrew 8y agothere might be some diehard libertarians that disagree with me, but I think it's pretty obvious that the theory can't work when a company has a monopoly on a truly essential product.
- noarchy 8y agoI live in a place (Canada) where even some non-essential products are monopolized not by private companies, but by the government. In fact, the only monopolies of which I am aware are created and mandated by government.