Message from @Jones Malone

Discord ID: 376178299661189131


2017-11-04 01:13:18 UTC  

I bet if a ceo did that, he would be hated by everyone in society

2017-11-04 01:13:36 UTC  

They do that now wtf

2017-11-04 01:13:44 UTC  

Who would ostracize him and refuse to offer their business with him

2017-11-04 01:13:58 UTC  

That only happens if there's a monopoly

2017-11-04 01:14:11 UTC  

And monopolies only exist when the government creates themv

2017-11-04 01:14:26 UTC  

Or when there are a limited number of companies and they all do it

2017-11-04 01:14:39 UTC  

Why can pharmacy companies charge $500 for one pill? Because government made it illegal for anyone else to make it

2017-11-04 01:14:47 UTC  

There are tons of duopolies that do the same thing right here in america

2017-11-04 01:15:07 UTC  

Because government stops competition from coming on the scene

2017-11-04 01:15:34 UTC  

Government didn't create Standard Oil

2017-11-04 01:15:37 UTC  

On a long enough timeline pure capitalism creates a monarchical type system

2017-11-04 01:15:47 UTC  

The thing about capitalism is that the rich get richer, no matter what

2017-11-04 01:15:55 UTC  

Government broke it up

2017-11-04 01:16:07 UTC  

Unless they're doing something dumb, the rich get richer without government involvement

2017-11-04 01:16:14 UTC  

Usually when wealth is inherited, it's squandered

2017-11-04 01:16:31 UTC  

I'm not familiar with the history of standard oil

2017-11-04 01:16:32 UTC  

It doesn't have to be passed strictly be inheritance

2017-11-04 01:16:49 UTC  

Holy fuck I just say IE cucking hard on Shelbyville

2017-11-04 01:16:58 UTC  

They're saying they're the future of the right l m a o

2017-11-04 01:17:28 UTC  

Standard oil was the company owned by John D rockefeller. He'd pioneered a new method of the production of Oil where instead of paying say for instance a moving company to move the product, or a limber company for limber, he bought all the companies involved or at least the means to produce the product

2017-11-04 01:18:15 UTC  

It took the presidency of Teddy Rossevelt to end his stranglehold on American Oil. Even after that the Rockefellers are massively wealthy family to this day

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