How does the free market deal with monopolies?

[unknown]

Are they something that "need" to be dealt with?

 

[PAF]

Are they something that "need" to be dealt with?

Please be more specific. Do you mean true free markets, or the free market illusion which are regulated by government?

 

[Occam's Banana]

How does the free market deal with monopolies?

Are they something that "need" to be dealt with?

//

The Myth of Monopolies - Razör Rants
https://odysee.com/@RazorFist:1/the-myth-of-monopolies-razör-rants:2


RazörFist from 3 years ago (referenced in the previous video):

Don't Trust Antitrust - A Rant
Razör reverses position on a key issue, relating to the proliferation of Big Tech monopolies. Hear me out (or don't, who gives a fuck?)
https://odysee.com/@RazorFist:1/don-t-trust-antitrust-a-rant:e

​

 

[unknown]

Let's start with an actual free market.

 

[unknown]

That dude is really difficult to listen to.

In the first video he describes Vanderbilt crushing the State subsidized Fulton who had a virtual monopoly on waterway crossings.

In the second video, he talks about Microsoft bribing the government to stop antitrust laws.

Has there ever been a monopoly which made it very difficult or almost impossible for competition to exist?

Was any government antitrust action actually legit?

 

[Occam's Banana]

Has there ever been a monopoly which made it very difficult or almost impossible for competition to exist?

Only with government support.

Without things like anti-competitive laws and regulations to prop them up and keep them going, monopolies and cartels just don't last very long.

 

[jmdrake]

Remember when everyone was concerned Microsoft was going to dominate the browser market?

And now look at it:

Chrome includes "chromium" which is open source and I run on my Raspberry Pi. On my Wintel machine I mainly use Brave.

The worst monopolies are government enforced ones. (Patents, especially drug patents. FCC licenses etc.) Other monopolies are largely enforced by habit. At one point a lot on the left seemed poised to dump Twitter for Mastodon. (I was telling people to use Mastodon back when conservatives were being deplatformed on Twitter). Now, for better and for worse, they are filtering back to Twitter.

https://www.theguardian.com/news/da...le-to-mastodon-but-many-arent-sticking-around