Message from @Leo (BillNyeLand)

Discord ID: 531234995021545492


2019-01-05 20:54:25 UTC  

the huge amount of regulations in the healthcare market

2019-01-05 20:54:39 UTC  

net neutrality is useless

2019-01-05 20:54:54 UTC  

Incredible.

2019-01-05 20:55:00 UTC  

Yes

2019-01-05 20:55:13 UTC  

it's the regulation that harms businesses and creates monopolies

2019-01-05 20:55:19 UTC  

Oh yeah to add, regulation creates monopolies

2019-01-05 20:55:30 UTC  

The state intervention in the economy creates artificial high barriers to entry

2019-01-05 20:55:33 UTC  

Regulations do the exact opposite

2019-01-05 20:55:36 UTC  

Which creates the monopolies

2019-01-05 20:55:45 UTC  

Tell that to the healthcare market, ISPs

2019-01-05 20:55:55 UTC  

since the only reason the monopolies exists are due to regulations

2019-01-05 20:55:59 UTC  

for example ISP has zoning laws

2019-01-05 21:00:58 UTC  

Damn, I want to sit down and talk but I gotta do human things

2019-01-05 21:01:10 UTC  

I'll get back in a sec

2019-01-05 21:19:44 UTC  

But a 100% free market causes monopolies

2019-01-05 21:29:58 UTC  

That's what I thought

2019-01-05 21:35:34 UTC  

Competition is best when there are few monopolies or oligopolies. Regulatory barriers to entry into some fields are too high in my opinion, which should be fixed, but conversely regulations / tax collections on the big businesses in those fields is often lacking , which only exacerbates the problem

2019-01-05 22:01:53 UTC  

Look at happened in the late 1800s to the early 1900s

2019-01-05 22:02:00 UTC  

There was a complete monopoly

2019-01-05 22:17:49 UTC  

Gilded age

2019-01-05 22:18:12 UTC  

There were several monopolistic organizations in major industries

2019-01-05 22:24:00 UTC  

@Anon365 never

2019-01-05 22:24:10 UTC  

A free market never causes a monopolies that’s a myth

2019-01-05 22:24:15 UTC  

A natural monopoly DOES NOT EXIST

2019-01-05 22:24:44 UTC  

@Leo (BillNyeLand) all due to state intervention

2019-01-05 22:24:50 UTC  

The gilded age was never “free”

2019-01-05 22:25:01 UTC  

Remember the tarrifs

2019-01-05 22:25:39 UTC  

Companies will just lower their prices

2019-01-05 22:25:48 UTC  

Then the competition will be crushed

2019-01-05 22:25:54 UTC  

that’s also a myth

2019-01-05 22:25:54 UTC  

That's what happened

2019-01-05 22:26:01 UTC  

Have you heard of dow

2019-01-05 22:26:08 UTC  

It literally happened

2019-01-05 22:26:09 UTC  

He used to sell chemicals

2019-01-05 22:26:35 UTC  

it talks about predatory pricing

2019-01-05 22:27:29 UTC  

Wait

2019-01-05 22:27:40 UTC  

You're for a completely free market, right?

2019-01-05 22:27:57 UTC  

Not completely

2019-01-05 22:28:02 UTC  

Besides in a free market, they wouldn’t exist :
-The recouping of losses, which is essential for a predatory pricing strategy, may not occur because rival firms could just exit the market when prices are lowered and re-enter when prices are increased.

-Even if rival firms are forced out of the market when prices are increased by the predatory firm, this could induce new competitors into the market.

-The predatory firm must have a supply large enough to meet all demand at the lowered price. If its capacity is not great enough, prices will rise again.

-If the predatory firm were to repeatedly lower prices when rivals re-entered the market, the rival firms could short the dominant firms stock in an attempt to make up for losses resulting from the lower price.

2019-01-05 22:28:22 UTC  

A mostly free one, right?