Home
Forums
New posts
Search forums
What's new
New posts
Latest activity
Members
Current visitors
Log in
Register
What's new
Search
Search
Search titles only
By:
New posts
Search forums
Menu
Log in
Register
Install the app
Install
Home
Forums
Brown Cafe Community Center
Current Events
I drink your milkshake! a metaphor for capitalism
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Message
<blockquote data-quote="wkmac" data-source="post: 2610936" data-attributes="member: 2189"><p>How would it come to monopolize with no entry barriers so that others can enter the market place and thus drive down its ability to profit? Slavery for example was only profitable when the law prohibited others in some sense from entering that marketplace and challenging the status quo. Even when the Civil War came to be slavery was dying and even the slave industry was trying to use State power to keep a dying system alive just a little longer. </p><p></p><p>Scratch farmers of the era who dared to even form cooperative groups to market their produce (a common approach across Appalachia) from a better bargaining position were crushed as a matter of law as the plantation system controlled the major market centers from which all goods circulated. And the State obiliged this situation because more economic gains would come their way as opposed to allowing the Scratch Farmers unbridled access the truly open markets whose goods would undercut profits. These conditions were arrived at by a matter of State law (market intervention) and not as a result of natural economic forces. Even in those days, there was a kind of elite verses common man.</p><p></p><p>As I said originally, there will be micro situations (as opposed to macro) where the conditions you speak of can arise but where there is no central power creating market entry barriers, market actors will arise, enter the market and undercut the ability of these exploitative systems the ability to profit.</p></blockquote><p></p>
[QUOTE="wkmac, post: 2610936, member: 2189"] How would it come to monopolize with no entry barriers so that others can enter the market place and thus drive down its ability to profit? Slavery for example was only profitable when the law prohibited others in some sense from entering that marketplace and challenging the status quo. Even when the Civil War came to be slavery was dying and even the slave industry was trying to use State power to keep a dying system alive just a little longer. Scratch farmers of the era who dared to even form cooperative groups to market their produce (a common approach across Appalachia) from a better bargaining position were crushed as a matter of law as the plantation system controlled the major market centers from which all goods circulated. And the State obiliged this situation because more economic gains would come their way as opposed to allowing the Scratch Farmers unbridled access the truly open markets whose goods would undercut profits. These conditions were arrived at by a matter of State law (market intervention) and not as a result of natural economic forces. Even in those days, there was a kind of elite verses common man. As I said originally, there will be micro situations (as opposed to macro) where the conditions you speak of can arise but where there is no central power creating market entry barriers, market actors will arise, enter the market and undercut the ability of these exploitative systems the ability to profit. [/QUOTE]
Insert quotes…
Verification
Post reply
Home
Forums
Brown Cafe Community Center
Current Events
I drink your milkshake! a metaphor for capitalism
Top