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by lmm
975 days ago
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> Free markets are naturally resistant through free competition That's circular logic. Free markets are defined as those in which competition happens. Unregulated markets often tend towards cartelization and monopoly. > and, you know, laws. Which need to be enforced by governments. > Point me to a resistant monopoly or cartel and I will show you a government granted/supported one. The whole robber baron era is a counterexample - the likes of Standard Oil getting broken up by the goverment. Market competition is powerful but it only works when the government is actively enforcing a competitive market, which there is sadly little enthusiasm for lately. |
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Read some more on the robber baron era - you'll find out Standard Oil was already losing to competition before government action. For another great example how the free market broke a cartel, read up on how Dow Chemical fought the German bromine cartel:
https://en.wikipedia.org/wiki/Herbert_Henry_Dow#Breaking_a_m...
No government intervention necessary.