The Oil Drum

216 comments on A Vicious Circle

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eric blair on March 13, 2008 - 4:03pm

And yet, the people who make claims like yours do not:

1) Set up court watchers.
2) Complain when it is illegal to set up doctor rating systems.
3) Complain when Creekside Beef is treated the way it was.
(there are more, but these are just a simple sample)

But here is the money shot:
"must be sufficient competition"

So, you gonna support the government breaking up GE/WalMart/Boeing/Lockeed-Martin/(blah blah blah)?

How about breaking up AT&T

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BillJames on March 13, 2008 - 4:52pm

Strange tie-in but in general, I think there are anti-trust laws for good reason.

If you want innovation, let people bet their own money.

That is the whole problem with ethanol. It is growing because of subsidies, not market demand.

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eric blair on March 16, 2008 - 8:14am

If you want innovation, let people bet their own money.

Then why complain about when people who are using there own money (to set up this place) opt to choose where the discussion goes?

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“This order [i.e. capitalism] is now bound to the technical and economic conditions of machine production which today determine the lives of all the individuals who are born into this mechanism, not only those directly concerned with the economic acquisition, with irresistible force. Perhaps it will so determine them until the last ton of fossilized coal is burnt.”

—Max Weber, 1905