Well no, it's just an incorrect statement that Capitalism would lead to monopolies. All monopolies have come into being through State intervention.
"All monopolies have come into being through State intervention"
I would say that this statement is completely wrong. Capitalism strives for monopolies. Government prevents them. At least in America.
Your logic Government prevent monopolies.
Yet the Government has created several monopolies. Post Office, AT&T. Your energy provider. Your public transportation. Your schools. These are just several off the top of my head.
If the government prevents monoplies, it cannot also be a creator of monopolies. Because you said government (in America) prevents them. But i have shown you that it also creates them.
You are an idiot full of contradictions.
Here is the true monopoly: "A government is the most dangerous threat to man's rights: it holds a legal monopoly on the use of physical force against legally disarmed victims.”
Under Maryland’s Declaration of Rights we are amply informed:
“that monopolies are odious, contrary to the spirit of a free government and the principles of commerce, and ought not to be suffered.”
And what is the most devastating, thieving and tyrannical monopoly created by our federal government in violation of the legislative intent of our Constitution? The answer would be none other than the Federal Reserve System, and its notes being made a legal tender for all debts, public and private.
In regard to the Federal Reserve Act of December 23, 1913, Congress unconstitutionally reassigned a power of Congress to regulate the value of our nation’s currency and placed that power in the hands of private bankers. But what few people realize is the very intention of the Act was to create a money monopoly for these private bankers, and this was done by making Federal Reserve Notes a LEGAL TENDER FOR ALL DEBTS, PUBLIC AND PRIVATE, in spite of our founders expressed intentions to forbid Notes of any kind to be made a legal tender.
For those who are not familiar with our founder’s specifically stated intentions, here is what transpired during the convention with regard to bank notes being made a legal tender. SEE
The Debates in the Federal Convention of 1787, reported by James Madison : August 16
Mr. Govr. MORRIS moved to strike out "and emit bills on the credit of the U. States"-If the United States had credit such bills would be unnecessary: if they had not, unjust & useless.
Mr. BUTLER, 2ds. the motion.
Mr. MADISON, will it not be sufficient to prohibit the making them a tender? This will remove the temptation to emit them with unjust views. And promissory notes in that shape may in some emergencies be best.
____ cut _____
Mr. READ, thought the words, if not struck out, would be as alarming as the mark of the Beast in Revelations.
Mr. LANGDON had rather reject the whole plan than retain the three words "(and emit bills")
On the motion for striking out
N. H. ay. Mas. ay. Ct ay. N. J. no. Pa. ay. Del. ay. Md. no. Va. ay. [FN23] N. C. ay. S. C. ay. Geo. ay.
[FN23] This vote in the affirmative by Virga. was occasioned by the acquiescence of Mr. Madison who became satisfied that striking out the words would not disable the Govt. from the use of public notes as far as they could be safe & proper; & would only
cut off the pretext for a paper currency, and particularly for making the bills a tender either for public or private debts.
The irrefutable fact is, our founding fathers intended the market place, and only the market place, to determine what notes, if any, were safe and proper to accept in payment of debt, and they specifically chose to forbid folks in government making a particular bank note, or any “note” a legal tender, which if allowed would literally force people and business owners to accept worthless script in payment of debt.
As a matter of fact, one of the delegates to convention who helped frame our Constitution who lived in Connecticut was defrauded by a legal tender law made in Rhode Island which required him to accept worthless script in payment of debt. As one of the delegates to the Convention he was therefore quite influential in prohibiting our government to emit bills on the credit of the united States and likewise prohibiting folks in government making notes of any kind a legal tender in payment of debt!
To lean how Roger Sherman was defrauded see his work titled:
A Caveat Against Injustice … An inquiry into the evils of a fluctuating medium of exchange.
And, the question is, how is it not a crime for our Treasure of the United States and Secretary of the Treasury to sign Federal Reserve Notes which state on their face “THIS NOTE IS LEGAL TENDER FOR ALL DEBTS, PUBLIC AND PRIVATE“? Should they not be charged with misfeasance and malfeasance in addition to complicity in an act of fraud?
JWK
"Of all the contrivances for cheating the laboring class of mankind, none have been more effectual than that which deludes them with paper money. This is the most effectual of inventions to fertilize the rich man's field by the sweat of the poor man's brow."_____ Daniel Webster.