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I keep saying this and repeating over and over again... Yet keep getting downvoted. The monopolization of everything is caused by monetary policy. All these meg

I keep saying this and repeating over and over again... Yet keep getting downvoted. The monopolization of everything is caused by monetary policy. All these megacorps are not a natural phenomena. They are not competing on an even playing field. Even die-hard capitalists who read Ayn Rand and watched her interviews will understand that monopolization should not happen without government intervention. The current monetary policy (of printing money and then giving control of it to existing capital holders based on how much capital they have) is bound to lead to this highly inefficient economic situation... One which takes the entire economy on a downward spiral while essentially bribing rich people with free money to keep playing along... Thus we get increasing inequality. Then when the big corporations keep beating and buying up the competition (thanks to the disproportional amount of free credit that they have access to), they will claim that it's because they're more efficient (aka economies of scale) but in reality, the big players are just getting subsidized by free money from the government. Simple as that. Give me access to 1 billion dollars of credit over 50 years and even with no industry experience, I can bankrupt all competing small businesses in any industry and in any city I want... Possibly in the entire country depending on the country.

petermcneeley 6y ago
How do you explain the railway monopolies?
- cryptica 6y ago
  Monetary policy allowed a small number of people to accumulate a disproportionate amount of capital. This capital allowed them to lobby and influence politicians to give them the right to build and own a massive rail network. It simply would not have been possible for any group of people to build a rail network which traverses an entire country without serious government intervention. Think of the road/rail crossings that had to be built, bridges over rivers and other parts of the rail network which was built on public land... Think of the number of people who were probably forced by their local government to sell their land to build the railway on top... There was a lot of government intervention to make it possible. And the amount of capital required to build such rail network could only have been accumulated as a result of unjust monetary policy. The complexity involved in operating a large enough enterprise to accumulate that kind of wealth would simply not be possible on a competitive level playing field to begin with. On a level playing field, there would be too many profit opportunities for employees to quit and become competitors. There is clearly an artificial force holding everything together. That force is monetary policy. It used to be gold reserve debasement and now it's fiat money printing.

petermcneeley 6y ago

How do you explain the railway monopolies?

cryptica 6y ago
Monetary policy allowed a small number of people to accumulate a disproportionate amount of capital. This capital allowed them to lobby and influence politicians to give them the right to build and own a massive rail network. It simply would not have been possible for any group of people to build a rail network which traverses an entire country without serious government intervention. Think of the road/rail crossings that had to be built, bridges over rivers and other parts of the rail network which was built on public land... Think of the number of people who were probably forced by their local government to sell their land to build the railway on top... There was a lot of government intervention to make it possible. And the amount of capital required to build such rail network could only have been accumulated as a result of unjust monetary policy. The complexity involved in operating a large enough enterprise to accumulate that kind of wealth would simply not be possible on a competitive level playing field to begin with. On a level playing field, there would be too many profit opportunities for employees to quit and become competitors. There is clearly an artificial force holding everything together. That force is monetary policy. It used to be gold reserve debasement and now it's fiat money printing.