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Old 11-15-2010, 07:06 PM   #256
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Join Date: Nov 2009
Posts: 350
Quote:
Being practiced nowhere, libertarianism is one big unproven assertion. Perhaps it could be proven if tried, but there just aren't enough gullible.
This is just rhetoric. BigG made actual, specific unproven assertions.
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Old 11-15-2010, 07:22 PM   #257
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Join Date: Oct 2008
Posts: 678
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I have not seen many monopolies that have emerged absent of government interference.
Standard Oil emerged with the help of government?

There have been relatively few monopolies because of government controls. Left to themselves, corporations would ALWAYS engage in collusion to restrict the market because they could make more money by collusion than participating in a free market.

Classical free market economic theory almost totally neglects the rise of the "limited stock" company, i.e. the corporation. The idea that a business enterprise could accumulate the capital, political clout, and worldwide influence of modern corporations was considered totally outside the "realm of possibility".

When someone can cheat, someone will cheat.
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Old 11-16-2010, 01:17 PM   #258
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Join Date: May 2007
Posts: 10,068
Quote:
When someone can cheat, someone will cheat.
Ah, but that's the beauty of a completely unregulated market. When there are no rules, there is no such thing as "cheating." Exploitation, yes, but not cheating.
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