Message from @sɪᴅɪsɴᴏᴛʜᴇʀᴇ

Discord ID: 531236959822151698


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?

2019-01-05 22:28:36 UTC  

Ye

2019-01-05 22:28:47 UTC  

Do you support trumps tariffs?

2019-01-05 22:28:59 UTC  

Because that sort of discourages trade

2019-01-05 22:29:07 UTC  

Not really no

2019-01-05 22:29:14 UTC  

Oh

2019-01-05 22:29:14 UTC  

I don’t think tarrifs are good

2019-01-05 22:29:15 UTC  

Oh yeah

2019-01-05 22:29:22 UTC  

But I support him bringing free trade from other countries

2019-01-05 22:29:23 UTC  

I did research on Rockefeller once

2019-01-05 22:29:29 UTC  

as in other countries lowered tarrifs

2019-01-05 22:29:33 UTC  

Standard oil is also a myth