Quote from: m0gliE on February 29, 2016, 12:00:48 PM

Quote from: btcbug on February 25, 2016, 06:38:36 PM

Quote from: m0gliE on February 25, 2016, 01:55:24 PM

You're in favor of free markets? So you're in favor of one company ruling the world then?

Yes I'm in favor of FREE markets. FREE meaning that there is not a government body that can be hijacked and used to grant and maintain monopolies. All of the things which lead to monopolies in a capitalist system are entirely due to government.

If you'll read any of the material I linked to, you would start to understand what ALL government is. I don't care if you want to call it Socialism, Communism, Fascism, etc. Those are bullshit ideals that all stem from the same fundamental belief. The belief that the use of coercion is morally acceptable. Socialism is a forced redistribution of wealth through various methods such as taxation, tariffs, and subsidies. It violates private property (your right to the products of your labor) in the same way that all government does.

Now please go ahead and explain how one company (without using government) would rule the world.

It's incredibly easy and it's already happening!

Look at Google! Look at the food industry!!
If government does nothing, then one company (the best) will get bigger and bigger. Then it will slowly absorb any concurrent company or destroy it! In a FREE market as you say, the best company will continue to grow until nobody can get it down. And then it will have a complete and absolute monopoly.

The food industry is currently only 6 companies when it was still hundreds if not thousands only a few decades ago. American banks were dozens, now only 5 of them control everything.

Free market has only one consequence: concentration of power and wealth in a few companies. The richest get richer, the poorest get poorer.

If you don't mind living in something like this, go on and live your American dream.

First, you might want to consider the fact that corporations as they currently exist are actually a product created by Government regulations.

But let's examine what a business is. A business typically produces goods or service. Those products must necessarily be in line with market demand or they would not make money and go bankrupt. People voluntarily exchange the products of their own labor (money) for the products that the business is selling. In a free market this a voluntary exchange of value for mutual benefit.

Here's the funny thing. In free markets the price is determined by supply and demand. In Communism this "price" must be arbitrarily determined by the central authority. Socialism must attempt to set prices by mimicking the pricing of private business. In any socialist country, without some private business, they wouldn't have a clue how to determine prices for government services. Socialism and Communism lack the pricing mechanism of free markets and that is why it eventually results in huge shortages or excesses. Read about what is happening in Venezuela right now. Venezuela is a heavily socialist country.

In a free market a business will grow only if they are providing good value to their customers. Yes, they can cheat their way to profits for a while perhaps, but if people feel they are getting screwed then anybody can use that as an opportunity to enter the market as a competing business. Competition is the natural limit to excessive greed and corruption. Think about your logic here. Without government interference please tell us again how a business would "rule the world".

If a business is doing such an exceptional job that nobody can compete with them, then honestly why is that so bad?

Let me point out something else completely ridiculous in your thinking. You seem to be terrified of free market monopolies, yet have you considered what the government actually is? A government is by definition a monopoly! They are using legal authority to tax you and provide you services of which you have absolutely no choice.

Try not paying your school taxes because you chose to send your child to private school. Try hiring a private security company to protect your property because the city police are completely useless and would rather hand out speeding tickets. In both cases you'll probably get thrown in jail.

Let's say I came to your house when you weren't home and cut your grass without your permission. Then later I sent you bill demanding payment. You didn't pay, so I came to your house and threatened you with a gun. Would that be moral thing for me to do? Of course not, yet that is exactly what government services are.

You need to understand the difference between voluntary and involuntary interactions. Socialism is a system that must implemented and enforced through law (aka force). Free markets are not a system. They are simply what happens when people interact voluntarily for mutual benefit.