ludwigDual

8 ms·

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by ludwigDual 3y ago
> You don’t get strong property rights without [a] strong state Are there any states that don't forcefully take property and life without people's consent? States are well known for taxing their citizens and fighting wars. The
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by ludwigDual 3y ago
> One thing that they have often done in the past, is to temporarily drop their prices to outcompete newcomers, making it impossible for newcomers to outcompete them, and raising their prices back up once the newcomer is gone. Could you
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by ludwigDual 3y ago
> Why would it be worthwhile to compete with a dairy cartel? Of all the things one can do with capital, why go to war with a cartel over relatively small margins? It may not be in Ontario. In a free market (i.e. one that respects proper
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by ludwigDual 3y ago
> There's plenty of pirated Windows around, but everybody still has to use Windows. The threat of jail time for people sharing pirated copies or circumventing copyright protected measures changes the pros/cons people weigh whet
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by ludwigDual 3y ago
I wonder what factors prevented competition with the "dairy cartel" in Ontario as would happen in a free market. Most likely there are restrictions on what products can be sold to willing customers that are costly for smaller fir
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by ludwigDual 3y ago
> A cartel sets prices, and is one of the many ways markets are unfree. That's true, but cartels can't enforce this. New or external firms can compete with the cartel. If a cartel reduces production or raises prices then it i
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by ludwigDual 3y ago
> Markets do not instantly become monopolized, but they do tend that way, and will also eagerly form cartels unless stopped by regulation. Monopolization requires control of land or resources. This is because any cartel's attempt t