Conservative Hardliner News

 

CLICK HERE for Conservative Hardliner News, our 24x7 news aggregator

 

Author Topic: Myth of Capitalism  (Read 280 times)

Online Skull

  • Full Member
  • ***
  • Posts: 217
  • Gender: Male
Myth of Capitalism
« 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
When it is not necessary to change, it is necessary not to change. -- Lord Falkland

Offline taxed

  • Administrator
  • Hero Member
  • *****
  • Posts: 27787
  • Gender: Male
  • At some point, the money is due.
Re: Myth of Capitalism
« Reply #1 on: October 05, 2020, 12:34:12 PM »
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.

Online Solar

  • Hero Member
  • *****
  • Posts: 79893
  • Gender: Male
Re: Myth of Capitalism
« Reply #2 on: October 05, 2020, 01:33:22 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
Official Trump Cult Member

#WWG1WGA

Online Skull

  • Full Member
  • ***
  • Posts: 217
  • Gender: Male
Re: Myth of Capitalism
« Reply #3 on: October 05, 2020, 03:12:02 PM »
It is stipulated as above - so "nailing" the problem is nice - but is there a solution?  :popcorn:
When it is not necessary to change, it is necessary not to change. -- Lord Falkland

Online Solar

  • Hero Member
  • *****
  • Posts: 79893
  • Gender: Male
Re: Myth of Capitalism
« Reply #4 on: October 05, 2020, 03:12:43 PM »
It is stipulated as above - so "nailing" the problem is nice - but is there a solution?  :popcorn:
Yes, tie govts hands.
Official Trump Cult Member

#WWG1WGA

Offline taxed

  • Administrator
  • Hero Member
  • *****
  • Posts: 27787
  • Gender: Male
  • At some point, the money is due.
Re: Myth of Capitalism
« Reply #5 on: October 05, 2020, 03:20:08 PM »
It is stipulated as above - so "nailing" the problem is nice - but is there a solution?  :popcorn:

Yes. Remove government from the equation.

 

Powered by EzPortal