AC: The Economics of Revolutions

[Zygote]

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Great business plan!


You're thinking very narrowly about this. Your imagination for what people do to each other in order to turn a buck is quaint.

You only need to corner the supply locally in order to profit from such cornering. In a lawless society, there is no barrier to making physical threats against rivals in order to reduce supply in the market.

And it doesn't help to drop prices if thieves of your goods can sell them well below your cost. A thief breaks into your room at a hotel while you're out and steals a necklace. How much does he have to sell that necklace for to turn a profit?

[/ QUOTE ]

monopolies cannot form under free market conditions. people in free market conditions have every intention to try form a monopoly, but doing so can almost never be achieved. One can, with great effort, possibly achieve a de facto monopoly, but they could only do so by strictly servicing the consumers. this all means that their power will be forever contingent on their low prices and good product/service.

Also, if you think we need police to control the people, then, who do you think controls the police?