>THIS IS JUST COMMIE SHIT! No, its to preserve the competitive nature of capitalism by preventing monopolies from forming. Worst than that, these corporations can then just lobby and buy out politicians into doing whatever they tell them to do, therefore undermining our Republic.
Big Dick Teddy Roosevelt was on the the biggest anti-trust presidents in history for example. youtube.com/watch?v=_NzBCJmFOSw
only the government can create monopolies. you dont need anti trust laws. you only need to remove all regulations
Jayden White
>only the government can create monopolies. This is pure ignorance. The government had to work to break up monopolies in the first place. Anti-trust laws would prevent them from forming monopolies in the first place
Evan Flores
>The government had to work to break up monopolies in the first place wrong. go ahead, name me one monopoly and provide evidence that it actually is a monopoly and that the government didnt create it
Aiden Allen
Capitalism is good in theory, but not in practice.
Carson Johnson
Standard Oil (founded by John D Rockerfeller) was the largest oil company in the world, not in america, in the world. And it took a case that went to the supreme court to break them up into 34 other companies.
>anti free market it's too late, Sup Forums drank the koolaid of the capitalism infalibility, they can't think about economics in other terms, they are brainwashed
Sebastian Stewart
It wasn't a monopoly and prices kept sinking. Rockefeller knew that if he raised the prices to take advantage of his large market share he wouldn't have this share for long and others would sell cheaper.
Cooper Lopez
End regulatory capture, and you end monopoly. Make the state, and the crony capitalists smaller. Anything else just ends up growing both. wiki.mises.org/wiki/Regulatory_capture
Kayden Powell
>"Theodore Roosevelt was not the type to initiate major changes timidly. The first trust giant to fall victim to Roosevelt's assault was none other than the most powerful industrialist in the country"-J.P. Morgan
this is what he said after his railroad monpoloy, Northern Securities, got BTFO. Teddy Roosevelt broke up fucking 44 monopolies user.
Most basic example is IP companies. Plenty of places only have two providers and they screw everyone equally.
Jack Sanchez
>It wasn't a monopoly How is the largest oil company in the world that dominates the market not a monopoly?
Josiah Wright
Most if not all monopolies were created by the government or could persist because of the government. The government created the American Telephone and Telegraph Company (AT&T) and in other countries they monopolized railroad service. In Germany they even granted a company a match monopoly for decades so they could get a loan.
The reason why monopolies in the free market don't persist is that the cost goes up and the quality goes down due to lack of competitors. If there are no competitors there is no incentive to improve your products or cut down prices because you are printing money anyways. The only thing you might want to make sure of is that you don't drive people to other technologies like for example from rail to plain.
Gavin Foster
how do you get in an already monopolized market?
Grayson Ward
Rockefeller did tremendous good for mankind. His company greatly reduced refinement cost of oil and created countless innovations along the way. For example this allowed even poor people to buy lantern oil for light during the night. Before that poor people had no light at home and lived in complete darkness because they only had expensive whale oil and other costly alternatives. And this is just one of many innovations involved in the process, which helped the poor become richer and saved many lives both human and animal.
Standard Oil offered these low prices because they innovated and reduced the costs of refinement over 20 fold and managed to create tons of useful side products like lantern oil of what was formerly waste.
1904 they had a market share of roughly 85%. In 1906 this was only 70% and by 1911 not only 64%. There were over 150 competing companies. Only a clueless idiot with legitimately sub 70 IQ would believe that this is a monopoly. And only THEN did they split up the company and added regulation that prohibited the lowering of prices in many cases. The result was tremendous damage to the public.
The Standard Oil debacle is a perfect example of creeping socialism destroying capitalist innovation and the worst of all is that most people are clueless about the reality of it.
Asher Roberts
>Most if not all monopolies were created by the government this is completely false. Also, Ma Bell (AT&T) has a long history of getting into trouble with the government over anti-trust laws. my OP included a long list of those. It got broken up in the 80s BY THE GOVERNMENT for being a monpoly
>The Standard Oil debacle is a perfect example of creeping socialism destroying capitalist innovation yeah because we're still using oil lanterns for light, right? Nice good hurridly searching the internet for this weak defense for standard oil after your pissy little question gets thrown back in your face.
Tyler Anderson
An other false example. IP monopolies were created by government regulation. Why does romania have better internet than the united shithole of americlaps? because your retard politicians decided that competition is illegal because it leads to redundancy
also, my OP also included a short news segment on the DOJ looking to block ATT buy out of time warner.
Colton Brown
>Monopoly Being the single supplier of a commodity. They were the largest but not the only one, so not a monopoly.
Whats stops you from competing?
The only thing that can stop you from competing with another company is the government (Okay not quiet but bear with me). This can happen in many ways: 1. The government just outright banns you from competing. 2. The government imposes a set of regulations that makes entry to the market to hard. 3. By granting patents. A patent is a government granted monopoly on a certain process or invention.
Yes there can in theory be a monopoly without government help: For example you make a new invention and do not patent it but you keep it a secret and no one can figure out how you did it then you've got yourself a monopoly until someone copies you.
Lincoln Ramirez
so you have no clue what you are talking about and are just shitting out fallacies? kay I wont waste my time on a sub 60 IQ retard like you anymore. do mankind a favor and kill yourself. your genes should be removed from the gene pool
>too unintelligent to read my post before dipshitting same goes for you
Jayden Reyes
>linking a fucking stefan memeyoux video lol that explained a lot.
You never even argued against the fact that standard oil was a monopoly or that it was the government that broke them up lol. All you did was try to justify their monopoly with complete bullshit, like this meme idea that breaking them up stifled technological improvements. How is competition bad for innovation user?
why do you keep repeating this meme that governments create monopolies, but get butthurt at the idea of them breaking them up?
Samuel Wood
United States Steel Corporation went from controlling 67% of US steel production when it was founded to only accounting for 8% of domestic consumption today. They never lost an antitrust suit.
Standard Oil Co. Inc. went from controlling 88% of oil refining to 64% in the 20 years before it was broken up under antitrust legislation. Competitors were already cutting into their so-called monopoly.
We don't need anti-trust laws. We need a free market. Dramatic, government-controlled breakups are less effective at helping citizens than watching new companies slowly do a better job over decades.
Andrew Clark
Again, you keep saying this, but how did the Government create that monopoly when their entire history is the government battling them and breaking them up, even to today? They already broke them up in the 80s
>1904 they had a market share of roughly 85%. In 1906 this was only 70% and by 1911 not only 64%. There were over 150 competing companies. Only a clueless idiot with legitimately sub 70 IQ would believe that this is a monopoly
so you are proving yourself to be an illiterate idiot who cant even read a post
Landon Turner
i don't give a fuck what some sheltered mountain nigger with too much money has to say. yeah, poor old rockefeller! dindu nuffin. he a good boy, making lamp oil and sheeeeet.
Justin Fisher
>AT&T established a network of subsidiaries in the United States and Canada that held a government-authorized phone service monopoly, formalized with the Kingsbury Commitment, throughout most of the twentieth century
>The Kingsbury Commitment of 1913 was an out-of-court settlement of the government's antitrust challenge of AT&T's growing vertical monopoly over the phone industry. In return for the government's agreement not to pursue its case against AT&T as a monopolist, AT&T agreed to divest the controlling interest it had acquired in the Western Union telegraph company, and to allow non-competing independent telephone companies to interconnect with the AT&T long distance network.[1]
Christian Ross
10/10 edit
Jackson Torres
Okay now what. Let them establish their monopoly fine. If they don't raise their prices nothing happens if they do they will get competitors.
Brayden Collins
I love liberal will take big techs side and claim high ground, like modern Dutch East India companies even need their virtue signalling.
They suddenly become all ancaps and "private corporations doe" .
