Message from @Terry Arcona
Discord ID: 599123309690617866
but what WILL be or what is sustainable tommorrow has no value to the market
it will consume it self if it profitable and will never realize the inevitable cliff until the fall begins
@SageTheory they will have a much harder time when there is so much competition, the free market is not kind to monopolies
that is an oxymoron
if you have COMPETITION
you have no MONOPOLY
Except we've seen that going completely hands free *is* kind to monopolies.
Rockefeller bought out all his competition. Nothing stops that in Ancap world.
The industrial revolution EG Rockefeller, Carnegie and so on shows us that.
well, not really because.... now that interest rates are artifical and money is fiat
not real capitalism
(i know, i know)
The only reason people don't do that now is anti monopoly laws otherwise they'd be more common.
(Still not arguing against it.. . once we moved to fiat currency... capitalism breaks.)
but in truth, we have changed the very basis of the mechanism that makes capitalism function
Derivatives destroy markets. Period
Besides the few that the govt doesn't crack down on
Only GOD should be able to create something from nothing
not banks
And this is true in An__CAP__, too.
lol
and once derivatives were allowed, it became possible to PROFIT from the COLLAPSE/FAILURE of a company
And be absorbed by said monopoly.
that is the opposite of capitalism
it's exploitation, plain and simple
Which, again, we've seen repeatedly and is why anti-trust laws are needed.
They exist they need to be enforced
but anti-trusst laws won't help competitiion
they will only penalize monopolies
@SageTheory and despite the anti monopoly laws monopolies still formed and continue to form today
not always the same
They try to make the playing field more even, though.
yeah so did affirmative action
lol
we see how that works
Once again a select few and I'm not saying it's not a problem
Affirmative Action is equal outcome.
@Laucivol exactly, it's not real capitalism once fiat is introduced
well the problem is now, with the FED, it is more profitable to simply move money around than to actually PRODUCE, or SAVE/INVEST
First step is some how ween off of fiat.