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I really don't understand what mechanisms could exist in an ideal free market to stop monopolies. What is a monopoly other than a hyper-successful agent on the
by dpig_ 1y ago
I really don't understand what mechanisms could exist in an ideal free market to stop monopolies. What is a monopoly other than a hyper-successful agent on the free market? What kind of a free market is one that would restrict such a monopoly? It's incoherent.
- klabb3 1y agoWhy obsess over idealism and purity? We (most of us) don’t do that with individual liberty. Sure, we should have guiding principles for deciding how to regulate markets, just like we have for civil liberties. But for everyone except anarcho-capitalists, bikeshedding the purest philosophical interpretation is just navel-gazing.