“The only ‘fair’ is laissez-faire, always and forever.” ― Dmitri Brooksfield

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Joined 2 years ago
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Cake day: June 12th, 2023

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  • Economists of the classical school were right to define a monopoly as a government-grant privilege, for gaining legal rights to be a preferred producer is the only way to maintain a monopoly in a market setting. Predatory pricing cannot be sustained over the long haul, and not even the attempt should be regretted since it is a great benefit to consumers. Attempted cartel-type behavior typically collapses, and where it does not, it serves a market function. The term “monopoly price” has no effective meaning in real market settings, which are not snapshots in time but processes of change. A market society needs no antitrust policy at all; indeed, the state is the very source of the remaining monopolies we see in education, law, courts, and other areas.

    Amazon is just another big company that benefits from corporatocracy.




  • I can vote the State, I can’t vote the CEO.

    You vote for certain politicians, other people vote for other politicians, and whoever wins, the tyranny of majority will emerge. The success of the CEO is dependent of supply and demand, if there are no monopolical privileges. (I discussed this in another reply).

    That’s the citizens job, not his.

    Following your logic, the citizens voting him is a perfect clue of this, am I right? Otherwise, I agree with you about what Milei will do with his powers. I don’t trust 100% any politician, even him, but he’s the only one who explicitly showed that, like donating each month his salary (funded by taxes) and not funding certain political campaigns.

    Again it’s the citizens that dictate that. I can vote for people wanting to build something in the State, not a CEO that wants to build a highway for the goodwill of mankind.

    Citizens has no direct influence in the process of decision politicians make. The CEO (at exception of lobbyists) wanting to build a highway is: using his own factors of production achieved by social-cooperation (capital, land, technology and workers) and his desire of providing it emerges by supply and demand, by competence in a free-market setting and the economic calculation of consumers in a system of prices.

    Nobody wants to be the “bad guy”

    Sorry, but I don’t get what you’re trying to tell me here. Read about the Austrian Business Cycle Theory.

    Every “work flexibility” I’ve ever seen pitched is just code for turning people into wage slaves.

    Leaving aside the exact policies of Milei about this (as I’d prefer no policy at all), any governmental intervention in labor markets will cause unemployment among less productive workers. The term “slave” is not valid because those workers voluntary agreed, in a contract, the amount of money they’d get to do certain job.

    “Wages represent the discounted productivity of labor in satisfying consumer demand. Demand for consumer goods translates into demand for workers.”

    It’s just that every time I’ve seen someone purpose breaking the system to make it better, they just want to break the system so that they can profit.

    Fair enough. Distrust in politicians is perfectly logic and ethical, but accusing him of fascist? It does not make any sense.


  • Because we voted for them.

    The fraud of representative democracy. What about those who didn’t vote them (the tyranny of the majority)? We, the common citizens, have really any power if our vote is secret?

    The rights and obligations of a contractual act are generated by explicit consent of both members. This does not happen when we our vote is completely secret, without our names and surnames. Politicians are free to impose their monopolical powers, even if we don’t choose them.

    “Representative democracy is the illusion of universal participation in the use of institutional coercion."

    We didn’t vote for the board of directors of private companies.

    Because we shouldn’t. Except for the lobbyists, they are using their private property and their factors of production achieved by social-cooperation.

    There’s plenty of waste and corruption in private enterprise. It’s not voluntary if they lie cheat and steal just like bad politicians.

    The only difference is that, in a free-market setting, they wouldn’t have any monopolical privileges to mantain their economical power and reputation in the market, as their permanence is dependent of supply and demand.


  • Taxes exist because public goods are actually good, and benefit everyone.

    Taxes raise money for transfers to special interests and public employees. Why would you trust an oligarchy of politicians (the State) to decide which goods are useful “for a community” and which don’t?

    In contrast to private businesses that supply the goods that consumers voluntarily want to buy, public officials lack of the capacity to pick data as to what people truly demand, much less how to go about meeting those demands economically. They don’t have direct feedback of what every individual in the community want; they don’t pass the test of economic rationality.

    If the Monopoly of Violence can’t act economically, they have no other choice but respond to interest groups, so tax money will necessarily end up with narrow interest groups rather than the provision of “public goods”

    The sum of the parts is greater than the individual parts.

    The end does not justify the means. The mere existence of taxation is detrimental (and antithetical) to the very source of economic growth, that is, voluntary exchange.

    Goods like education and roads, for example, are goods like any other: they can be supplied by markets and markets alone.

    The only privilege we need is a better community.

    A better community will be formed if it’s achieved by voluntary means. Moral obligation is not the same as legal obligation. How can individuals be virtuous? By letting them act freely.