The anti-vaxxers...
11-29-2020, 09:25 AM
#151
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Joined APC: Nov 2020
Posts: 237
Originally Posted by Seneca Pilot
Standard oil was broken up in 1911.
https://corporate.exxonmobil.com/Com...re/Our-history
Originally Posted by Seneca Pilot
Yes oil companies will try to keep market share and until recently they had weak competition that couldn't offer the cost and reliability to compete against them. The new electric vehicles are getting there quickly and may win out. I like my Tesla X. Great acceleration and fun to drive but I still can't reliably take it on a long trip so oil for me until that gets worked out.
Anti-competitive practices brought on by established petroleum industry, and nurtured by regulatory capture.
11-29-2020, 09:32 AM
#152
Banned
Joined APC: Nov 2020
Posts: 237
Originally Posted by NE_Pilot
What of Disney?
Tell me how the government is responsible, other than being weak and allowing it to happen.
11-29-2020, 09:32 AM
#153
Gets Weekends Off
Joined APC: Sep 2019
Posts: 1,538
Originally Posted by GateAgent007
How naive you are.
https://corporate.exxonmobil.com/Com...re/Our-history
Why do you think electric vehicles are so inferior? Why it's taken over 100 years to mature the technology? Why there isn't any infrastructure to support the electric vehicles - charging stations, hot swappable battery stations, etc.?
Anti-competitive practices brought on by established petroleum industry, and nurtured by regulatory capture.
https://corporate.exxonmobil.com/Com...re/Our-history
Why do you think electric vehicles are so inferior? Why it's taken over 100 years to mature the technology? Why there isn't any infrastructure to support the electric vehicles - charging stations, hot swappable battery stations, etc.?
Anti-competitive practices brought on by established petroleum industry, and nurtured by regulatory capture.
Because they are far more expensive. When the tech catches up to make them affordable and people want them they will take over. Show me the regulations that have held Elon Musk back from developing his business and innovation. Which anti-competitive practices have made him the second richest man on Earth?
Citing regulatory capture is a strange way to defend your argument that governments don't promote monopoly.
11-29-2020, 09:36 AM
#154
Gets Weekends Off
Joined APC: Apr 2017
Posts: 3,601
Originally Posted by GateAgent007
It's a natural tendency of Capitalism to consolidate into larger and larger entities to force smaller and newer entrants out of the marketplace.
Monopolies are the natural end state of Laissez-faire capitalism. There needs to be a referee to keep the system moving.
Monopolies are the natural end state of Laissez-faire capitalism. There needs to be a referee to keep the system moving.
When monopolies exist, it usually isn't for every long because competition will rise up. Once a company becomes a monopoly they start taking their customers for granted. Those customers get frustrated and go somewhere else or start a competing firm, which is what happens in a free market. Unless of course the government prevents this.
Almost all of the monopolies that exist right now are government created.
Also, there is a term you need to learn:
"Rent-seeking"
https://en.wikipedia.org/wiki/Rent-seeking
11-29-2020, 09:38 AM
#155
Banned
Joined APC: Nov 2020
Posts: 237
Originally Posted by Seneca Pilot
Citing regulatory capture is a strange way to defend your argument that governments don't promote monopoly.
Regulatory capture is the result of weakening the government and installing people who don't believe in the role that government plays in keeping the economy healthy.
Libertarianism leads to corporatism. Not freedom.
11-29-2020, 09:41 AM
#156
Gets Weekends Off
Joined APC: Apr 2017
Posts: 3,601
Originally Posted by GateAgent007
Taxi Cabs are a public service that need controls so that multiple competitors don't flood the streets with empty cabs. It makes perfect sense to regulate that industry.
Why would a taxi cab drive around empty for very long? Hint, it wouldn't. The market always seeks equilibrium. Things like government prevent it from getting there.
Originally Posted by GateAgent007
Libertarianism leads to corporatism. Not freedom.
11-29-2020, 09:43 AM
#157
Banned
Joined APC: Nov 2020
Posts: 237
Originally Posted by SonicFlyer
Did you go to a government school? Because this is economic ignorance at its peak.... no to mention a complete lack of logic and ability to think critically.
Why would a taxi cab drive around empty for very long? Hint, it wouldn't. The market always seeks equilibrium. Things like government prevent it from getting there.
Why would a taxi cab drive around empty for very long? Hint, it wouldn't. The market always seeks equilibrium. Things like government prevent it from getting there.
11-29-2020, 09:46 AM
#158
Gets Weekends Off
Joined APC: Sep 2019
Posts: 1,538
Originally Posted by GateAgent007
Properly governing means a robust and honest government that puts guard rails on capitalism.
Regulatory capture is the result of weakening the government and installing people who don't believe in the role that government plays in keeping the economy healthy.
Libertarianism leads to corporatism. Not freedom.
Regulatory capture is the result of weakening the government and installing people who don't believe in the role that government plays in keeping the economy healthy.
Libertarianism leads to corporatism. Not freedom.
You are truly misguided. Free markets always result in the products that people want, the safety they demand, and the prices they are willing to pay.
11-29-2020, 09:49 AM
#159
Banned
Joined APC: Nov 2020
Posts: 237
Originally Posted by SonicFlyer
A corporation cannot legally violate your rights. But a government can. A government is a monopoly. If a corporation is doing something you don't like then go to it's competition, or start another one.
Wow. That's some Grade-A thoughts right there.
11-29-2020, 09:53 AM
#160
Banned
Joined APC: Nov 2020
Posts: 237
Originally Posted by Seneca Pilot
You are truly misguided. Free markets always result in the products that people want, the safety they demand, and the prices they are willing to pay.
Enjoy your yachting. But always remember, you're still just 'the help.'
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