Unlearned regarding economics, so this book review's main points struck me as true.  Yet what can be done about lack of real competition?  Beats me.

https://thinkr.org/newsletter/the-myth-of-capitalism-monopolies-and-the-death-of-competition

Quote from: Skull on October 05, 2020, 06:58:16 AM
Unlearned regarding economics, so this book review's main points struck me as true.  Yet what can be done about lack of real competition?  Beats me.

https://thinkr.org/newsletter/the-myth-of-capitalism-monopolies-and-the-death-of-competition

I haven't read through it yet but I will later.  I certainly agree with what I scanned from the article.

Government creates monopolies, as they can't sustain themselves and grow on their own.  If you need a lobbyist to purchase members of Congress, then you don't have a competitive business model.

Quote from: taxed on October 05, 2020, 12:34:12 PM
I haven't read through it yet but I will later.  I certainly agree with what I scanned from the article.

Government creates monopolies, as they can't sustain themselves and grow on their own.  If you need a lobbyist to purchase members of Congress, then you don't have a competitive business model.

Nailed it!!!


"Commerce, which ought naturally to be, among nations, as among individuals, a bond of union and friendship, has become the most fertile source of discord and animosity. [...] the impertinent jealousy of merchants and manufacturers [...] the mean rapacity, the monopolizing spirit of merchants and manufacturers, who neither are, nor ought to be the rulers of mankind [...] originally both invented and propagated this doctrine [...] and they who first taught it were by no means such fools as they who believed it. Their [merchants and manufacturers] interest is, in this respect, directly opposite to that of the great body of the people. – Adam Smith, Wealth of Nations, 1776

It is stipulated as above - so "nailing" the problem is nice - but is there a solution? 

Quote from: Skull on October 05, 2020, 03:12:02 PM
It is stipulated as above - so "nailing" the problem is nice - but is there a solution? 

Yes, tie govts hands.

Quote from: Skull on October 05, 2020, 03:12:02 PM
It is stipulated as above - so "nailing" the problem is nice - but is there a solution? 

Yes. Remove government from the equation.