LoL, even mainstream economists will advocate competitive monopolies, if they have no market power. That's literally the most mainstream it can get. Like Freiburg school

oh no

@Mr.Fisch（炫龙） there is more to life than just economics

are we doing this again

Even German Antitrust laws don't really care for your monopoly position, when it doesn't have any market power and/or is competitive

Yeah I'm aware that German anti trust laws apply on a case by case basis

I'm German myself

Are you somehow implying antitrust laws create monopolies or what

Because that'd be monumentally stupid

I know repost, but to make this short and not to cause people to freak out on this; this booklet contains all one needs to understand about antitrust and monopolies, what noone at uni will tell you:

https://mises.org/library/antitrust-case-repeal

But thx for the civil discussion

@Mr. Nessel then you have never debated with austrians and ancaps

All the time

It's not something I even hear them say
Antit trust laws bad is normal

But not anti trust laws creating monopolies

It's a standard rothbardian talking point

Sry, if a libertarian or an ancap would say that, he would be physically removed

> tfw no big government gf

Kek

too bad the government deemed the gf store non-essential

Oil price is now lower than in the 50s

Wtf did it drop this much

Saudis having a meltdown

I understand the decreased demand from Corona

Oils been dropping for a while hasnt it?

I don't know but maybe it was fracking

Breaking up the oil cartel a bit

Of course Corona caused it to break down even more

https://twitter.com/3Xtraders/status/1252301179096379392

Might just be temporary that it's this insanely low

> Wtf did it drop this much
@Mr. Nessel
To make fracking and renewables unprofitable, so the saudis and co. can go on consooom

I don't mean the small drop before Corona
This recent one
It's not normal that oil is cheaper than in the 50s

This is extremely unprofitable for pretty much every oil producer too

Because of what I said just said

Yeah, that's called free market competition

Saudis completely rely on oil as their budget so they wouldn't crash the price to drive out competitors

The cartel was good for pretty much every oil producer

Saudi Arabia wouldn't give two shits about fracking in America if the price of oil remains high

Fracking is only profitable at high oil prices