>>The robber Barrons of the 19th century and companies like Standard Oil needed no help from regulators to become oppressive monopolies and rent seekers. yes,

>>The robber Barrons of the 19th century and companies like Standard Oil needed no help from regulators to become oppressive monopolies and rent seekers. yes, yes they in fact did. Far from being an era of laissez-faire, the late 19th century was dominated by a class of rich parasites, just like the modern economy. The freed market, without all these distortions and giveaways, is truly an equalizing force. [1] A truly free market without subsidized security, regulation, and arbitration imposes costs on large scale aggregations of assets that quickly deplete them… It may be that libertarianism, taken to its logical conclusion, is far more egalitarian and redistributionist than we ever dreamed – not as a function of any central State, but rather due to its lack. [2] Even in the 19th century the corporation was a legal entity chartered by the State. Corporations benefit from an arsenal of privileges, such as personhood and limited liability, which serve to set the rules of the market on terms favorable to corporate investors and managers. Obviously, limited liability is a fiat subsidy to corporate investors The imbalance of responsibility this enables cannot be underestimated, for it goes to the very heart of corporate economic behavior. [2] [1] https://c4ss.org/content/30085 https://c4ss.org/content/30085 [2] https://web.archive.org/web/20100330222751/anarchywithoutbombs.com/2010/03/13/let-the-free-market-eat-the-rich/ https://web.archive.org/web/20100330222751/anarchywithoutbom...