“The only ‘fair’ is laissez-faire, always and forever.” ― Dmitri Brooksfield

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Cake day: June 12th, 2023

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  • MenKlash@kbin.socialtoMemes@lemmy.mlReality Shattered
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    11 months ago

    Every person who think that their vote (in a representative democracy) matters, is a victim of the illusion of universal participation in the use of institutional coercion, that is, the state.

    However, what makes the state different from other coercive entities, such as organized crime groups, is that it enjoys some form of popular legitimacy. In other words, in addition to enslaving its inhabitants physically, it needs to secure their mental servitude as well.





  • Economists of the classical school were right to define a monopoly as a government-grant privilege, for gaining legal rights to be a preferred producer is the only way to maintain a monopoly in a market setting. Predatory pricing cannot be sustained over the long haul, and not even the attempt should be regretted since it is a great benefit to consumers. Attempted cartel-type behavior typically collapses, and where it does not, it serves a market function. The term “monopoly price” has no effective meaning in real market settings, which are not snapshots in time but processes of change. A market society needs no antitrust policy at all; indeed, the state is the very source of the remaining monopolies we see in education, law, courts, and other areas.

    Amazon is just another big company that benefits from corporatocracy.










  • You dont understand economics at all if you dont understand how all free markets naturally devolve into monopolies.

    I’m a “follower” of the Austrian School of Economics, although the idea that monopolies are government-grant privileges was first originated by the economists of the classical school (and they were right).

    Predatory pricing cannot be sustained over the long haul, and not even this should be regretted since it benefits the consumers. Attempted cartel-type behavior typically collapses, and where it does not, it serves a market function.

    The definition of a monopoly by the idea of “monopoly price” has no effective meaning in free-market setting, which are not snapshots in time but processes of change.


  • demand is manufactured by misleading and manipulative advertising and marketing.
    It’s driven by planned obselesence.

    Consumer products develop through experimentation. Consumer preferences also change and develop gradually through time. To meet them requires entrepreneurial judgment.

    Nor is buying essential items like food and utilities voluntary.

    Aside from a few innate demands concerning hunger and temperature, consumer preferences emerge as a result of interaction between many individuals.

    Each consumer regulates the consumer products he consumes by spending money. There is no good substitute for the market process concerning the development and dissemination of consumer goods.


  • You cant have a free market without a government enforcing anti monopoly laws.

    A free market is not free at all if the government is stepping in any voluntary exchange.

    The existence of “anti-monopoly” laws has caused more harm than good by protecting particular competitors, not competition. In fact, monopolies can only survive through government-grant privileges, for gaining legal rights to be a preferred producer is the only way to maintain a monopoly in a free-market setting.

    “A market society needs no antitrust policy at all; indeed, the state is the very source of the remaining monopolies we see in education, law, courts, and other areas.”