4 ms·

I like Standard Oil. How about we let people buy from the businesses they want to?

• alexmingoia 6y ago
  Yeah, letting people buy from businesses they choose sounds good. Standard oil was a great company, that benefited consumers by driving down costs and improving the efficiency of oil production and distribution. Prices fell from ~30 cents to ~5 cents per gallon between 1870-1900, and when they were broken up by the government they had more than 100 competitors, and only ~65% market share.
  • cecja 6y ago
    It was a great company before or after they tried to weasel their way out of the responsibility of leaded fuel?
  • 411111111111111 6y ago
    They were benefiting shareholders and consumers of that age at the detriment of society. Slavery also invigorates the markets with cheap produce for consumers and high profits for shareholders. Shall we legalize that as well? Nothing is easy in reality and you can find positive effects to the markets in almost anything if you just look at localized effects