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FarfromNear
6th August 2004, 03:37
Ive been reading some threads and I just want to ask people to please inform yourself about free market economics before you start blaming it for problems that are not its fault.

You have to understand that the US government has made many wrong stupid policies and decisions in the name of "free markets", just to rally people behind them, and many other reasons. Since people, most of the times, hold no interest in the subjects and don't inform themselves, or are simply ignorant, they support the governments decisions which end up screwing people. And it is all done in the name of Capitalism. Therefore, you blame iCapitalism for things that have nothing to do with it. It has happened many times in the past.

- Monopolies would be example. The government has helped create monopolies, all in the name of free trade. It has done sone by restrictions, antitrust laws, regulation, etc. Monopolies have also been created in the name of "privatization", when in reality, what they called "privatization" was actually the government giving companies rights to regional areas or certain industries, like it happens with electricity. Companies basically have a monopoly for ane area. People, therefore attribute monopolies to free trade.


- Protectionism, like subsidizing the agriculture industries and steel industries, or trade barriers like import tarriffs, screw people. They are all done to create "free trade", or better put, "competition". Import tariffs and subsidies are the opposite of Capitalism, but somehow, we managed to get the blame for the problems created by those two.

- Price fixing, regulations, and many other policies, basically make us pay more for goods. People then blame capitalism for higher taxes, expensive healthcare, and overpriced goods.

There are soo many examples of this. I can show you the bad effects of the policies created, in the name of "capitalism", when in reality, they are quite the opposite of what free markets are.

So please, learn about Capitalism, and understand it, before blaming it. Read a little about Capitalism written by true free market supporters, not by biased socialists. Learn what Capitalism stands for and what its basic ideas are. Also, Don't believe everything that the elitists say. And by elitists, I mean the government. The ones who really control this country.

Id also like to add a note on Capitalism. I think that Capitalism, the name capitalism, has been stained since it's initial use, back when Marx used the term Kapital. It continues to be stained by the many policies that are made today, in the name of free markets, privatization, and free trade, but in reality they oppose the very fundamental ideas of Capitalism. You need to educate yourself and learn about "capitalism", as you like to call it, before you can blame if for things that are quite the opposite.

ComradeRed
6th August 2004, 04:01
You fail to see that in order to abolish monopolies, there must be a constant stream of competition (vis-à-vis social darwinism); however, there is a flaw in this logic.

You see, in darwinism, competition always reproduces otherwise the niche fails and all life dies.

Yet in social darwinism, competition does not reproduce! This is a serious problem! Especially since no one's life is in jeapordy!

When there is no competition, that leaves a monopoly or an oligopoly. Both are terrible!

FarfromNear
6th August 2004, 05:11
Originally posted by [email protected] 6 2004, 04:01 AM
You fail to see that in order to abolish monopolies, there must be a constant stream of competition (vis-à-vis social darwinism); however, there is a flaw in this logic.

You see, in darwinism, competition always reproduces otherwise the niche fails and all life dies.

Yet in social darwinism, competition does not reproduce! This is a serious problem! Especially since no one's life is in jeapordy!

When there is no competition, that leaves a monopoly or an oligopoly. Both are terrible!
No, I dont fail to see that. That is what would happen in a free market. I am in favor of competition. What I was pointing out was that government made policies and regulations, that are the opposite of Capitalism, and they did it in the name of free trade, or competition. Competition is very good. The problem is the government regulating the economy, in the name of competition. They are actually creating those monopolies and oligopolies, through government contracts and regulations.

Hot Dog Day #84
7th August 2004, 01:15
Originally posted by [email protected] 6 2004, 04:01 AM
You fail to see that in order to abolish monopolies, there must be a constant stream of competition (vis-à-vis social darwinism); however, there is a flaw in this logic.

You see, in darwinism, competition always reproduces otherwise the niche fails and all life dies.

Yet in social darwinism, competition does not reproduce! This is a serious problem! Especially since no one's life is in jeapordy!

When there is no competition, that leaves a monopoly or an oligopoly. Both are terrible!
This is what competition commissions are for. In the occassions when a market does move towards oligopoly, it can be prevented or broken up via legal restrictions. This is already in place to an extent, look at how mergers are monitored nowadays.

Although it is not inevitable that markets will always drift towards oligopoly structures. With free market conditions come low barriers to entry - meaning that while firms may have to leave the market if they fail to keep costs low enough or set their prices poorly, there will also be new firms entering.
Some quick examples, taxi's, fruit, and hair products. None of these are moving away from their current fairly close to Perfect Competition status.