Message from @sɪᴅɪsɴᴏᴛʜᴇʀᴇ
Discord ID: 531237848700026881
Have you heard of dow
It literally happened
He used to sell chemicals
it talks about predatory pricing
Wait
You're for a completely free market, right?
Not completely
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.
A mostly free one, right?
Ye
Do you support trumps tariffs?
Because that sort of discourages trade
Not really no
Oh
I don’t think tarrifs are good
Oh yeah
But I support him bringing free trade from other countries
I did research on Rockefeller once
as in other countries lowered tarrifs
He did all sorts of questionable things to secure his monopoly
That’s a HUGE myth
Yep
The companies also kept on lobbying to keep monopolies legal
He’s get his monopoly to boycott any railroad that served his competitors, since losing his business would destroy the railroad
He’d buy all of the pipeline networks surrounding competitors’ oil refineries so they couldn’t ship in new oil
He’d even buy every single piece of land around a competitor’s refinery so they couldn’t build their own pipelines out
He just had that much money
But he also did plenty of good stuff with the money
Like, his son basically built our town
Refined oil prices fell from over 30 cents per gallon in 1869, to 10 cents in 1874, to 8 cents in 1885, and to 5.9 cents in 1897.
But he acquired it through very questionable means
There’s too many myths surrounding standard oil
That’s due to a huge increase in supply
as a monopoly
He wasn’t exploitative of consumers
Just of his competitors
The companies did questionable things
Natural monopolies , when they exist they’re efficient
You can't deny that