Message from @Ranko
Discord ID: 540327268824776724
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try to open a new bank and see how it works out
if it does, you're in a free market
i don't have the moolah for a bank 😉
Ok, intellectual property rights, have they gone too far?
bank wont loan me money
as if banks had money
look at internet providers in USA
how its that not a monopoly?
it is
theres satelites
but they pay the anti-thrust people to look the other way
Hold on.
you CAN use local ISPs, though
radio frequency operators are given a monopoly and only because they have that monopoly can the system work at all
There are a lot of misunderstandings about monopolies.
if you can pay away your violation of market laws, you're no longer in a free market
In law, there is the language of how much a company "controls" of a market share, which can be very misleading.
Internet Providers, ahhh that one. Yeah the right-away legislation is so regulated by each of the states, that its impossible to compete. So yeah regulation did it again.
found the ancap
A company can be the only one in a particular market without having control over it.
you still have to pay those though @Misomania
i want an american slave, not that cheap bootleg stuff
isn't it that if it controls more than 80% of the market its a monopoly?
when there is no other valid choice you have a monopoly
Yes, that is a good observation.
When there are dynamics that keep new companies out of a market, it's usually due to regulations, not for lack of them.
@EndangeredProdigy barely, they don't pay them a fraction of a liveable wage and make them have 8 or 10 room mates in a 2 bedroom subsidized apartment
and when there is a monopoly the free market balance is broken the company can do whatever they want
and since it will not affect their sales
There have been a lot of monopoly laws and anti-trust laws that were completely unnecessary.
since there is no other choice
you broke the free market self-regulation
As soon as one company would break the agreement to charge lower prices, it would dissolve.
the moment when you have sole control of the market, and can influence it without opposition
then you have a monopoly
there can only be a free market in areas where the bar to enter the competition is low enough