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Why do you keep assuming there would be no competition?
Travel to Minnesota. We have many natural lakes and ponds that have no tributaries.
Because if I was Standard Oil and there were no regulations, I would use every strategy at my disposal to eliminate any and all competition. And in the end, they would ALL be gone.
In a way, they are tied together. No government involvement in market regulation of any kind is as good as anarchy-inspire policy: no regulations, rules and laws to enforce.
But, to answer the original question: America wouldn't exist (chance of existence would be the same of existence of free market).
No they are not. Since when is one of governments defined role, enforce contracts, anarchy?
I always love how the right talks about the massive regulations businesses face, but they never list what those regulations are .
I always love how the left talks about the massive regulations businesses face, but they never list what good those regulations do that the free market/society cannot accomplish itself
Because if I was Standard Oil and there were no regulations, I would use every strategy at my disposal to eliminate any and all competition. And in the end, they would ALL be gone.
Because if I was Standard Oil and there were no regulations, I would use every strategy at my disposal to eliminate any and all competition. And in the end, they would ALL be gone.
No, they wouldn't because there would be no Standard Oil without regulations. It's government regulations that allow giant corporations to get their power. It's loopholes and cutouts and concessions and subsidies and licenses and all the rest of that stuff that enable companies with resources to strangle companies without resources and capture the market for themselves.
It's a point that leftists can't seem to comprehend. The big government you all want to control runaway abuse by corporations is exactly what allows runaway abuse by corporations.
What has always boggled my mind about libertarians is that they seem to think that the best way to stop unethical businessmen from using government to create monopolies is to give them unlimited access to resources and labor along with the freedom to do whatever they want to the environment, culture, and health care... all while removing the ability of the very poor to survive (presumably so they would be forced to sell their organs... or better yet, crawl away and die so their organs can be harvested and sold at a higher profit margin).
They also seem to not know the difference between an ethical, people-centered society and an unethical, profit-centered society... as if a government that is a product of the latter is identical to a government that is a product of the former.
The current government is a product of a society fixated on capitalist greed... and so is everyone else. The entire culture has been poisoned by a shallow, frivolous culture that trumpets consumerism and wealth as the solution to all ills as well as a measure of your worth as a human being.
If you change the society to value harmony and happiness instead of material gain, then everyone in that society, including the politicians, will have a more ethical approach to everything they do. Unfortunately, Americans are so full of paranoia, greed and narcissism that their society will probably collapse long before they ever look to less materialistic cultures for inspiration.
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