3 ms·
> As for Rockefeller being a "robber", the rise of Standard Oil resulted in the price of kerosene dropping 70%. This is your quote right? Now tell me how this
by littlestymaar 7mo ago
> As for Rockefeller being a "robber", the rise of Standard Oil resulted in the price of kerosene dropping 70%.
This is your quote right? Now tell me how this doesn't resemble the “fabrication” above?
And indeed it follows from my reply as well: if setting prices independently from costs is OK, then monopolies are good. Because market competition is lauded for preventing exactly that.
- WalterBright 7mo agoI quoted "robber" in https://news.ycombinator.com/item?id=47654948 https://news.ycombinator.com/item?id=47654948 when I replied to it. I did not "fabricate" it. > if setting prices independently from costs is OK, then monopolies are good. Because market competition is lauded for preventing exactly that. Your premise does not lead to your conclusion. It doesn't make any sense.
- littlestymaar 7mo agoI'm pretty sure you don't have reading deficiency, yet that's the only explanation I can find for this thread…