Message from @Gromp

Discord ID: 640295466981916683


2019-11-02 20:12:25 UTC  

@Orson Krennic And of course that’s what bailouts are made to prevent.

2019-11-02 20:12:40 UTC  

Right

2019-11-02 20:12:53 UTC  

You cannot kill the US finance system

2019-11-02 20:13:19 UTC  

Because

2019-11-02 20:13:22 UTC  

You can't kill America

2019-11-02 20:13:25 UTC  

Rather, you could, but it’s entirely unrealistic.

2019-11-02 20:13:39 UTC  

Right, the only thing that could do it is a firesale attack

2019-11-02 20:13:41 UTC  

Die hard style

2019-11-02 20:14:24 UTC  

And that would only be a real issue if everyone did it or if a large amount of an industry was monopolized. @Orson Krennic

2019-11-02 20:15:10 UTC  

And even then the financial leaders of the companies would know better when their profits are insured by the federal government.

2019-11-02 20:16:47 UTC  

Monopolies aren't even that big of a problem most times

2019-11-02 20:16:58 UTC  

Natural monopolies are perfectly fine

2019-11-02 20:17:06 UTC  

But most monopolies are created by the government

2019-11-02 20:22:40 UTC  

@Orson Krennic The kind that exist because of government interaction or the kind that were originally started by the government?

2019-11-02 20:23:21 UTC  

Natural monopolies exist because of high operation or start causes in an industry

2019-11-02 20:23:47 UTC  

But large conglomerations are made rich because they get money and contracts from the government

2019-11-02 20:36:26 UTC  

can we just take voting rights away from women? that will solve 90% of issues

2019-11-02 21:02:33 UTC  

so true

2019-11-02 21:04:58 UTC  

@CUNT How?

2019-11-02 21:05:33 UTC  

Dude also wants to take voting rights away from everyone who doesn’t own property

2019-11-02 21:05:35 UTC  

So yea

2019-11-02 21:05:56 UTC  

@Orson Krennic Monopolies can stifle free markets. It’s like a massive oak tree preventing anything from growing under it. Sometimes the government needs to cut it down and let the rest of the market grow.

2019-11-02 21:06:44 UTC  

Regardless if it grew on its own or if the government planted it.

2019-11-02 21:06:58 UTC  

Natural monopolies operate differently

2019-11-02 21:07:19 UTC  

It's like a local cable company

2019-11-02 21:07:22 UTC  

Not to mention if it falls by itself very bad things can happen like the market collapsing and prices skyrocketing because supply can’t meet demand.

2019-11-02 21:07:24 UTC  

That's a natural monopoly

2019-11-02 21:07:56 UTC  

Because the operating costs of operating another cable company are too high

2019-11-02 21:08:33 UTC  

@Orson Krennic Local cable companies aren’t good. It stifles competition which takes away much of the incentive to provide good deals and better technology.

2019-11-02 21:08:47 UTC  

Natural monoplies aren't necessarily bad

2019-11-02 21:08:56 UTC  

They provide services at a low cost to consumers

2019-11-02 21:09:14 UTC  

What’s keeping them from raising the cost?

2019-11-02 21:10:09 UTC  

It would be competition, but they don’t have any because the startup costs aren’t worth the profit. @Orson Krennic

2019-11-02 21:12:31 UTC  

The only alternative I see is regulation, local or otherwise.

2019-11-02 21:33:33 UTC  

@DrRisen if they did raise costs then it would be economically profitable for a new company to start up

2019-11-02 21:33:50 UTC  

But if they offer good service and keep their prices stable then there's no profitability

2019-11-02 21:39:58 UTC  

@Orson Krennic If a new company starts up its economically feasible for the already established company to temporarily lower their prices far enough that the startup, which will have a smaller customer base and ergo need a higher price line to stay in business, will be forced to sell or go bankrupt, then the monopoly can raise its prices right back up.

2019-11-02 21:40:25 UTC  

Consumer confidence

2019-11-02 21:40:32 UTC  

You're ignoring the opinions of the consumers

2019-11-02 21:40:36 UTC  

Sure they can do that

2019-11-02 21:40:46 UTC  

Monopolies are ecvil