Message from @Klutch

Discord ID: 376179228322037760


2017-11-04 01:18:58 UTC  

They screwed over an entire industry, got rewarded for it, and they're still living like kings

2017-11-04 01:19:06 UTC  

Capitalism is kiked

2017-11-04 01:19:32 UTC  

It sounds like he found a way to produce oil more efficiently

2017-11-04 01:19:39 UTC  

So efficiently he cornered the market

2017-11-04 01:19:44 UTC  

Without any involvement from the government

2017-11-04 01:19:51 UTC  

Why shouldn't the most efficient corner the market?

2017-11-04 01:19:58 UTC  

That's not a monopoly

2017-11-04 01:20:19 UTC  

The competition wasn't efficient

2017-11-04 01:20:19 UTC  

But it was a monopoly. He was the only one who could offer the product for the price he could

2017-11-04 01:20:29 UTC  

And as a result the competition ceases to exist

2017-11-04 01:20:46 UTC  

The word monopoly was coined around this time because of companies like standard oil my man

2017-11-04 01:20:48 UTC  

Why is it the consumers fault for buying the best price available?

2017-11-04 01:21:07 UTC  

Nobody is blaming the consumer

2017-11-04 01:21:15 UTC  

We're blaming government for not stepping in

2017-11-04 01:21:16 UTC  

The consumer often has no choice but to buy the cheapest product. They have no guilty in this

2017-11-04 01:21:29 UTC  

A monopoly only exists if it prevents competition from entering the market. Monopolies only exist because of the government

2017-11-04 01:21:42 UTC  

Standard Oil prevented other companies from entering the makret

2017-11-04 01:21:46 UTC  

That's simply not true

2017-11-04 01:21:51 UTC  

This argument is getting really circular

2017-11-04 01:21:57 UTC  

Lots of people pay more for "made in America" products. If I lived in a white ethnostate I would buy products made locally

2017-11-04 01:22:05 UTC  

If you could afford to

2017-11-04 01:22:35 UTC  

If you discover a way to make a product 100x cheaper than the next competitor, and you keep that production method to yourself, you're monopolizing the industry

2017-11-04 01:22:42 UTC  

Yeah I feel like we're seeing diminishing returns in this conversation

2017-11-04 01:23:11 UTC  

If I lived in the 1900s and had the resources to buy land & dig for oil, how would the Rockefeller prevent that?

2017-11-04 01:23:28 UTC  

You wouldn't be able to sell the oil for enough to make it worth your while

2017-11-04 01:23:34 UTC  

Offering you a ridiculous sum of money to not do it and give you the oil

2017-11-04 01:23:45 UTC  

And what Fevs says. Your prices could not compete with his in the first place

2017-11-04 01:23:54 UTC  

You would not own the timer companies, the truck companies. etc

2017-11-04 01:24:07 UTC  

If it can't compete then he deserves to have a 90% market share. It's what the consumer wants

2017-11-04 01:24:20 UTC  

And from there he can exploit the consumer

2017-11-04 01:24:25 UTC  

^

2017-11-04 01:24:28 UTC  

Without any recourse from the consumer

2017-11-04 01:24:32 UTC  

Government is the only recourse

2017-11-04 01:24:43 UTC  

He holds that 90% market share until everybody else is driven out of business

2017-11-04 01:24:49 UTC  

Between Apple and Samsung, they probably have 90% market share on smartphones . There are alternatives but they have this massive market share because it's what people want

2017-11-04 01:24:49 UTC  

Then skyrockets the price

2017-11-04 01:25:12 UTC  

Then it becomes profitable to compete again

2017-11-04 01:25:28 UTC  

But the barrier to entry isn't something easily achievable

2017-11-04 01:26:06 UTC  

He owns every step along the process, if you try to open up just ONE step of it, you'd have to use his company right?