LOki
The Yaweh of Mischief
- Mar 26, 2006
- 4,084
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Of course monopolies can and do emerge in capitalistic societies. Explain this:
http://en.wikipedia.org/wiki/Standa...tion.2C_and_breakup_of_the_Standard_Oil_group
The Standard Oil monopoly was created and maintained by the government.
You have much more to learn; start with reading comprehension--I didn't say believing that a monopoly may be possible in pure Capitalism makes one a socialist.So believing that a monopoly may be possible in pure Capitalism makes one a socialist? You have a lot to learn.
Since we're on the subject of things I didn't say; I didn't said monopolies aren't possible in pure capitalism--they are. I didn't say that monopolies are neccessarily bad--they aren't.
I will say now that coercive monopolies are impossible under pure capitalism; coercive monopolies are possible only with government complicity; and coercive monopolies are the only monopolies that critics of capitalism ever produce as evidence that, because of monopolies, capitalism is bad.
Fine. So again, what does that mean? Why should it not be "very, very difficult "to get into the levitation machine business? Why should it not be "very, very difficult" to get into the instant transportation business? Why should it not be "very, very difficult" to get into the meat flavored icecream business? And if someone should be able to surmount those difficulties, why should they not be allowed (without the use of force or fraud) to maximize the profitability of their effort?Of course the barriers are legit, thats not the discussion. The discussion is that such high barriers make it very very very difficult to enter the industry.
Get yourself a clue Mr. Undergraduate, the examples of barriers you were presented with, the context in which such barriers were presented, and the conclusion that were drawn for you were most certainly limited, and limiting, if your sense of the meaningfulness of these barriers is any indication.So you're saying that the example of barriers to trade used in every undergraduate economics class in the United States is limited? Get a clue. Capitalism and freedom are the basis for the philosophy of the United States, but you need to understand it's not perfect. Get a clue.