What's new

Price gouging

Is there price gouging?

  • No, it’s just charging what the market will bare

    Votes: 36 52.9%
  • Not really, unless you immediately die if you don’t pay

    Votes: 9 13.2%
  • Yes, the price shouldn’t go up in a emergency

    Votes: 13 19.1%
  • Yes, vote Kamela. She will fix all that.

    Votes: 10 14.7%

  • Total voters
    68
What are your thoughts on Standard Oil? Would you be okay with them owning everything?
What are your thoughts on G0ogle?

I'd like to stay away from a Plutocracy. it's just monopolist held power over state monopolist held power. Both are bad.
The only way to maintain a monopoly is by using violence.

'oh they bought up all the competitors'
Yeah, what's preventing more from coming into existence? There are always people who won't sell out no matter the price, and every monopoly collapses with a single alternative. Distributed economic control is so much more efficient than centralized control that nobody needs to enforce anything, the distributed option will naturally provide better service at lower cost and therefore outcompete the monopolist....

....unless the monopoly is busting skulls, usually through state coercion
 
Look up the history of Rockefeller and the breakup of standard. He made way more money than he would have maintaining the monopoly, having interest in all the ‘separate’ companies.
Same with Gates and Microsoft.
 
The only way to maintain a monopoly is by using violence.
Or Violent business practices and elected officials.
'oh they bought up all the competitors'
Yeah, what's preventing more from coming into existence? There are always people who won't sell out no matter the price, and every monopoly collapses with a single alternative. Distributed economic control is so much more efficient than centralized control that nobody needs to enforce anything, the distributed option will naturally provide better service at lower cost and therefore outcompete the monopolist....
Being a large conglomerate allows you to manipulate prices lower than your competitors can compete with, the bad part is when they raise the prices back up after they've closed you down and bought you out at auction. Distributed Economic control or a planned economy will still be based on Oligarchs, Aristocrats, Monopolist, or whatever power dictates that it stand that way.

....unless the monopoly is busting skulls, usually through state coercion
you can't speak ill of something if you are dead. - the mob, Allegedly.

Look up the history of Rockefeller and the breakup of standard. He made way more money than he would have maintaining the monopoly, having interest in all the ‘separate’ companies.
Same with Gates and Microsoft.
I'm gonna have to look that one up.
 
Or Violent business practices and elected officials.
which isn't free market capitalism
Distributed Economic control or a planned economy will still be based on Oligarchs, Aristocrats, Monopolist, or whatever power dictates that it stand that way.
people will always try to control markets
but by exercizing that control they're shooting themselves in the foot, since they cannot staunch every upstart alternative market that their attempt at controlling the main market creates


control on a market can only be negative control
any attempt at positive control would require an outside source of valutia which would quickly be exhausted
That negative control on what markets which the controller can encompass with their reach only benefits all markets outside their reach.
 
?u=https%3A%2F%2Fi.imgflip.com%2F27yuad.jpg
 
Top Back Refresh