Dnia środa, 7 października 2015 09:53:09 Razer pisze:
Ah, so the assumption is: "had there been no regulation, we would not get monopolies"?
Am I getting that right?
Without regulation you OWN your OWN 'monopoly' in whatever you accumulate and so does everyone else.
The Hunts cornered the silver market in a REGULATED market, which, for economic reasons better left to others to explain, cause the price of silver to decline dramatically and then stabilize and stay at that level for years .
In a free market they'd just be sitting on a bunch of silver they couldn't sell and anyone else with silver would go on trading with others on a more equilateral basis.
What if they *owned* all silver? For instance, by buying out all competition?
Of course I'm making the assumption that really free markets can only exist in fully decentralized societies that would eschew centralized trading AND the middlemen necessary for it's operation.
Can we assume that there was a time in the history of humankind (very, very early on) when this was the case? Or is that assumption to strong? -- Pozdrawiam, Michał "rysiek" Woźniak Zmieniam klucz GPG :: http://rys.io/pl/147 GPG Key Transition :: http://rys.io/en/147