3 ms·
> Ironically it is the fetish with free market economics that produces the monopolies. only when there's not sufficient regulations from cartel like behaviour.
by chii 2y ago
> Ironically it is the fetish with free market economics that produces the monopolies.
only when there's not sufficient regulations from cartel like behaviour. At the risk of invoking the no-real-scotsman fallacy, i would say that a real free market cannot support a monopoly, unless said monopoly is taking as thin a cut of the profit as possible (thus leaving no room for competition as the initial outlay of capital would not be worth it).
- dools 2y agoIf you're saying a "real free market" requires "regulations from cartel like behaviour" then what entity is doing that regulating? And if that entity is superior to the market, then how can the market be "really free"?
- chii 2y agoyou're confusing superiority of the entity capable of regulating, to the actions of millions of participants in a market to push it to efficiency. The entity that regulates is not a participant in the free market. And free market does not imply anarchy - aka no rules.