My point wasn’t that Standard Oil was broken up, but that through the “free market” they were able to act as a monopoly. Which is not the “free market” incentivizing competition. It actually tends to not do that pretty often.
Standard Oil’s success, spurred greater infrastructure development, which then was beyond the ability of Standard Oil to supply.
Thus causing Standard Oil’s market share to drop from 90% down to 60% (increasing competition) without any government intervention, or anti-trust being necessary.
Breaking up Standard Oil was about as necessary as dropping atomic bombs on Japan to procure Japan’s surrender.
Dropping atomic bombs on Japan may have been useful as a dick wag at the Soviet Union.
Breaking up Standard Oil, may have been a blood sacrifice to other gods, but…
The argument for this comes from a guy arguing against antitrust law published by the Mises Institute. His analysis might even be correct but keep in mind it’s coming from someone with an agenda. Just like I would take any analysis about the Russian economy in the 90’s from a guy getting published by a press associated with the State Department with a grain of salt.
Bullshitting about what? That Standard Oil was able to gain 90% market share in a “free market”? Again, I’m not arguing in bad faith nor have I argued in bad faith in any post in this forum, even when I’m shitposting in kind.
Did you just do a quick embarrassed Google, because you brought something up, and then it became apparent to you and everybody else, that you were not very well versed in the actual history of it?
Because my point was in a casual conversation that Standard Oil was operating in a free market and was able to operate as a monopoly, and is one of the most famous examples. Whether it was 91% or 60% market share. I also provided a more modern example that while not per se a monopoly was anti competitive behavior by firms in the animation industry.
I’m not an advocate for a planned economy, but if you can’t recognize that there isn’t a “hand of the free market at work” you’re not thinking critically about “free markets”. A lot of advocates for the “free market” are getting politically marginalized by that same “free market” through the exercise of power by people who don’t care about “free markets”.
I also don’t expect people I’m talking to on here to have a works cited pulled up for them to engage with me. Is that the standard here? Should I be requiring a works cited for every discussion on a topic you engage in with me?
This is more often than not, a pub environment, so casual conversation is allowed.
Now you are being rashly impetuous, again.
How could you require anything of me, unless you earn those favors from me?
Regarding the book you just posted, I have nothing against books, but I can think for myself, well enough.
And when it comes to history, we learn well enough or better, from newspaper articles, letters, court documents, and nowadays video, although books that comprehensively compile those things, are indeed convenient, if that is what that book did.
No, I am simply making a statement without any intent to claim the high ground or claim that I am smarter than anyone here. If you aren’t looking at how the “free market” works de facto as well as the ideal of the “free market” then you aren’t getting the whole picture.
And how would you require the same of me? Lol you effectively replied with “well why didn’t you have all these research materials pulled up before you even thought of daring to reply in this thread?”
Either we all engage with each other casually are we engage aggressively. What is good for the goose is good for the gander. So I respond in kind to how I am engaged. If you require me to have a fully written white paper on a topic I will, but you better have your own ready. If you start off engaging me with insults I will engage back with funnier insults.
See, now this is the aggressive (well passive aggressive) engagement I’m talking about lol. You could have just responded with “well that’s not what I meant” or “maybe I was being a bit of a cunt about that”.
They are mutually exclusive. Either the conversation is casual or it isn’t.
If I’m talking about fighting with someone in a casual setting I’m not going to require them to put on some 16oz gloves and show their work. If we are talking politics in a casual setting I’m not going to require them to pull out a works cited page or show me their regression table to show their work. That’s the understanding of a casual conversation.
If you require me to put on the gloves or bust out the regression table I will. But we aren’t having a casual conversation at that point.
That wasn’t aimed at you specifically actually. You aren’t the only poster on here that I have engaged with, even in this very thread lol.
That was a more general comment about the atmosphere here. And I understand why it exists since this forum has gone from probably more than 100 or more active users when I first joined to what it is now which is basically a group chat for about five people. In that kind of environment you’re going to immediately jump at a perceived outsider and require a different standard of engagement than you would with each other.