Kevin_Kennedy
Defend Liberty
- Aug 27, 2008
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This makes no sense whatsoever. So this hypothetical gasoline company is going to run up prices, once it's somehow put all of its competition under of course, to the point where only a very select group of people will be able to purchase gasoline? How are they going to stay in business? Why won't somebody else just start to compete with them and drive down prices?
Ohh this will haoppen the same way that pretty much all we have now is mega banks, grocery chains, retail chains, etc.
Krogers, Wal Mart, BOFA, etc.
But all this exists WITH government regulation: bankS, chainS (note the PLURALITY).
Libertarianism would allow ONE bank, ONE grocery chain, ONE retail chain; in fact ONE company could control the ALL.
This is gross ignorance as to the workings of a market economy.