- Capitalism and Alternatives -
Posted by: Samuel Day Fassbinder ( Citizens for Mustard Greens, USA ) on March 23, 1999 at 11:05:52:
In Reply to: if the market is not allowed to run it's course, it will repeat again and again posted by R. Jenkins on March 22, 1999 at 11:35:14:
: A monopoly means that you have exclusive rights to a product that is in limited supply. Standard Oil didn't control the market for all eternity,
SDF: Yes of course, Standard Oil was dissolved by enforcement of the 1907 Sherman Anti-Trust Act, i.e. by government intervention, intervention intended to preserve the fiction of market competition against the threat of monopoly, so you can stop trying to fool people into thinking that Standard Oil dissolved itself naturally... I thought you were going to back up your statement that all monopolies were "controled (sic) by the state"... are you going back on what you said?