Linked by Thom Holwerda on Wed 18th Jul 2012 21:12 UTC
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Member since:
2011-01-28
ronaldst,
"Big government is nice..."
This is sarcasm; my statement "minimal government is nice" was not.
"Only where there is government granted special favours (patents, etc...) you'll find monopolies."
Actually, monopolies are a predicable and expected result of unbridled capitalism. The industrial revolution brought about many famous monopolists before big government.
Consider the game of monopoly. At the beginning everything is pretty fair, everyone starts with comparable assets. With the right luck and skill, one can take over the board. Now consider the exact same game, but a new player joins it much later. Neither luck nor skill will get them ahead any more because existing players own and control everything. The existing players may even be reckless and terrible, but it doesn't matter how poorly they play because new players don't have any chance at all without some kind of game reset or connections.
Real capitalistic markets are very similar. New markets start out with plenty of opportunity, over time they become dominated by a handful of players cornering almost the entire market. As I indicated earlier, capitalism is good, but it needs some kind of levelling mechanism to keep it from degenerating into monopolies and oligopolies.
"And where will you find people, that don't have an agenda, to level the playing field?"
Have a little faith in people, you'll be surprised.
On a serious note though, I think you've nailed down one of the problems with government - it is rarely run in the interests of it's citizens.
Edited 2012-07-20 01:49 UTC