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I think it's often monopolies enforced by violence and corruption.
by galuggus 6y ago
I think it's often monopolies enforced by violence and corruption.
- boomboomsubban 6y agoMany people argue that's the inevitable result of fully free market capitalism too.
- vagrantJin 6y agoI have to agree with the sentiment. Free markets aren't operated by reasonable people.
- rayhendricks 6y agoExactly, assuming that we are operating in a non-lawful space would that not enable the most “pure” result of free market capitalism?
- marvin 6y agoRecommend the book Narconomics for an in-depth look at the «free-market» ideas that drug organizations use in South America. Gang tattoos to limit the mobility of their labor, duopolies to minimize conflict but maintain most of the benefits of a monopoly, squeezing upstream suppliers by playing them off each other, geographically-differentiated pricing and much more. The violence is obviously the biggest difference, but even the rest serves as a warning not to drop regulation entirely.
- rayiner 6y agoWhat makes you think that? Free market capitalism is premised on the existence of a “market.” A “market” is not something that exists in the state of nature. In particular, you need some sort of property rights. If you can kill people and take their stuff, as in the state of nature, or use violence to coerce labor, then you don’t have “markets.” You don’t need a government necessarily to enforce those rights, but free exchange of goods and labor cannot exist if violence is possible to coerce those exchanges.
- boomboomsubban 6y agoSo for free market capitalism you need these "markets" that eliminate the ability for money to be used for violence. Anytime violence is involved, it's automatically not free market capitalism, so any negative result does not reflect the ideology.
- amanaplanacanal 6y agoThere is still violence, it’s just centralized in the government instead of distributed in the gangs.
- boomboomsubban 6y agoSo if you pay the government for violence it's free market capitalism but if you pay a gang it's not?
- imtringued 6y agoWell, it is true because a fully free market would imply lawlessness and no government.