I did it in two words. The process is free markets are magic and will solve all your problems as long as you don't look at them. And if they don't it's your fault for not making them freer.Originally Posted by Siriel
There was a guy in all my business classes who was super gung ho about the Austrian School and that's the gist of it.
Natural monopoly is actually rather rare.
According to capitalist theory, monopolies are only produced when government grants benefits and protection to a business at the expense of others. In a truly free market, every business would have to fend for itself, and if they started charging too much money or being generally unpleasant, another business could come in and compete against them.
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We're not arguing that it would work in real life though? You know, like communism has yet to bear out. Just that you should compare like to like.
He never sleeps. He never dies.
Battle doesn't need a purpose; the battle is its own purpose. You don't ask why a plague spreads or a field burns. Don't ask why I fight.
This has been shown to not work due to how humans act.
The real life existence of ideal capitalism is irrelevant. However any theory of ideal capitalism must be logical, not contradict itself, and be possible to bring into existence by means that are available to humanity.
For example, an ideal society where the people are led by the immortal bird of peace that pacifies all wars by flapping its wings is not valid because we have no way of creating such a bird.
Last edited by Siriel; March 8th, 2015 at 08:39 PM.
Ragnarok, come day of wrath
That fallen souls might bear our plea.
To hasten the Divine's return.
O piteous Wanderer.
Good. So we agree.
Both ideal communism and ideal capitalism won't work.
He never sleeps. He never dies.
Battle doesn't need a purpose; the battle is its own purpose. You don't ask why a plague spreads or a field burns. Don't ask why I fight.
Can you prove that ideal communism involves systems that are either impossible to bring about or are self-contradictory?
Ragnarok, come day of wrath
That fallen souls might bear our plea.
To hasten the Divine's return.
O piteous Wanderer.
A market left to its own devices will eventually naturally become an oligopoly though right?
Challenge accepted.
No? This is a particular tendency only in markets with high capital costs and large scaling efficiencies.
That's what the military-industrial Illuminati want you to think.
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This line of questioning never produces any fruit. You can always point to any example and say, "THIS wasn't representative of the theory, if they did it in just such another way it would work." There has never been a capitalist society either. Your example that it was tried and shown not to work is wrong. It was never tried completely.
The bird example fits communism perfectly. A theory that's just great if it's meant for people who don't act like people, ie rationally and self-interestedly.
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Not necessarily. A lot of the capitalist theory depends on the government enforcing property rights, not becoming corrupt, etc. Oligpolies and monopolies only come around after the government decides to get in bed with different groups. And it usually does because that's how people work. But you could pretty much say the same about communism. "Oh yeah, they'll completely rearrange society and then give up power."
He never sleeps. He never dies.
Battle doesn't need a purpose; the battle is its own purpose. You don't ask why a plague spreads or a field burns. Don't ask why I fight.
Fair enough.
I think I preferred the discussion about our inevitable murder at the hands of a Sunni death army.
http://www.theguardian.com/world/201...colosseum-rome
Should have chiseled the American flag on instead.
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Do you think ISIS will break up into factions and carry on the fight over the best theoretical economy once we're all dead?
At the end of the year ISIS will pay zakat on all their loot and go bankrupt.
<NEW FIC!> Revolution #9: Somewhere out there, there's a universe in which your mistakes and failures never happened, and all you wished for is true. How hard would you fight to make that real?
[11:20:46 AM] GlowStiks: lucina is supes attractive
[12:40] Lace: lucina is amazing
[12:40] Neir: lucina is pretty much flawless
Yes yes Leo whatever
Leo we understand what you're going through
<NEW FIC!> Revolution #9: Somewhere out there, there's a universe in which your mistakes and failures never happened, and all you wished for is true. How hard would you fight to make that real?
[11:20:46 AM] GlowStiks: lucina is supes attractive
[12:40] Lace: lucina is amazing
[12:40] Neir: lucina is pretty much flawless
http://www.washingtonpost.com/world/...y.html?hpid=z1
Pentagon loses track of $500 million in weapons, equipment given to Yemen
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