free market economy. is it real?

[QUOTE="GuardianGI"][QUOTE="xscrapzx"][QUOTE="GuardianGI"][QUOTE="xscrapzx"]

Ok then take that way and let the corporations screw you even more out of your money then they can now. Makes sense :roll:

xscrapzx

It has nothing to do with an Eeevil corporation as you say, which I didn't even imply in my previous post, but thats ok. :roll: I simply stated that you don't have some regulation then competition will fall apart, and the products you buy will lack the quality that it would have if it was regulated. Meaning corporations would be able to jack up prices, kill the competition with a better quality lower priced product.

No not if the big corporations who have the power put an end to the competition.

I admit that the anti-trust act is a powerful tool that helps sustain competition, but that doesn't mean that without it competition didn't exist.

Market forces encourage competition all on their own and barriers to entry are few and far between. When a real monopoly DOES come up, it is often the case that they are the ONLY providers of a brand new product and as such, are doing the public a service regardless of the price.

effthat

I'm always a bit baffled by the folks who seem to feel that a totally free and unrestricted market would just up and solve any problems. It only takes a bit if history to see where that goes wrong.duxup

the internet is a pretty good example of few regulations.

Google dominates. But Google can be brought down so they still innovate. This is why Google is still awesome and hasnt given a worse product like real monopolies do.

H8sMikeMoore

[QUOTE="duxup"]I'm always a bit baffled by the folks who seem to feel that a totally free and unrestricted market would just up and solve any problems. It only takes a bit if history to see where that goes wrong.GuardianGI

[QUOTE="effthat"]

I admit that the anti-trust act is a powerful tool that helps sustain competition, but that doesn't mean that without it competition didn't exist.

Market forces encourage competition all on their own and barriers to entry are few and far between. When a real monopoly DOES come up, it is often the case that they are the ONLY providers of a brand new product and as such, are doing the public a service regardless of the price.

Engrish_Major

Not necessarily. The anti-trust laws were made in reaction to companies such as Carnegie steel and Standard Oil. Companies begin horizontal and vertical integration practices, which create barriers to entry regardless of innovation.

[QUOTE="Iron_gator"]

[QUOTE="jointed"]Yes, it's real.jointed

it is not. read basic economics. the government controls both the lowest pice and the highest price you can sell a product .

I've already read "basic economics" thank you very much. Do you know what economic equilibrium is? Government regulations are in most cases put in place to strengthen the competitiveness, fairness and effectiveness of the market. Any market which operates under capitalistic principles is free, it's just a question of how much or how little government regulations affects it.

In a way, Anti-trust laws are the cause of turmoil in the middle east.

effthat

[QUOTE="H8sMikeMoore"]

the internet is a pretty good example of few regulations.

Google dominates. But Google can be brought down so they still innovate. This is why Google is still awesome and hasnt given a worse product like real monopolies do.

quiglythegreat

google essentially dominates anything related to internet searches. yet i say they do not act like a monopoly becuase they can be taken down. the government will not bail them out like they bailed out those banks that should have closed due to the mortage thing. they wont try and save google.

its much easier to start an internet business than it is a real one even if it requires physical merchandise. why? because of regulation. theres far less of it on the internet and people are able to make money because of it.

if youre going to argue for regulations youre pretty much going to have to keep it as minimal as possible. because the more you make the less people do.

[QUOTE="GuardianGI"][QUOTE="duxup"]I'm always a bit baffled by the folks who seem to feel that a totally free and unrestricted market would just up and solve any problems. It only takes a bit if history to see where that goes wrong.duxup

Actually by definition, in order to be a free market, the government has to take part.yoshi-lnex

[QUOTE="quiglythegreat"][QUOTE="H8sMikeMoore"]

the internet is a pretty good example of few regulations.

Google dominates. But Google can be brought down so they still innovate. This is why Google is still awesome and hasnt given a worse product like real monopolies do.

H8sMikeMoore

google essentially dominates anything related to internet searches. yet i say they do not act like a monopoly becuase they can be taken down. the government will not bail them out like they bailed out those banks that should have closed due to the mortage thing. they wont try and save google.

its much easier to start an internet business than it is a real one even if it requires physical merchandise. why? because of regulation. theres far less of it on the internet and people are able to make money because of it.

if youre going to argue for regulations youre pretty much going to have to keep it as minimal as possible. because the more you make the less people do.

[QUOTE="H8sMikeMoore"][QUOTE="quiglythegreat"][QUOTE="H8sMikeMoore"]

the internet is a pretty good example of few regulations.

Google dominates. But Google can be brought down so they still innovate. This is why Google is still awesome and hasnt given a worse product like real monopolies do.

quiglythegreat

google essentially dominates anything related to internet searches. yet i say they do not act like a monopoly becuase they can be taken down. the government will not bail them out like they bailed out those banks that should have closed due to the mortage thing. they wont try and save google.

its much easier to start an internet business than it is a real one even if it requires physical merchandise. why? because of regulation. theres far less of it on the internet and people are able to make money because of it.

if youre going to argue for regulations youre pretty much going to have to keep it as minimal as possible. because the more you make the less people do.

So?

"In Economics, a monopoly (from Greekmonos , alone or single + polein , to sell) exists when a specific individual or enterprise has sufficient control over a particular product or service to determine significantly the terms on which other individuals shall have access to it"

They pretty much have that, luckily google is awesome. A monopoly dosent just have to be the ONLY service, it just has to be the only one that esssentially controls the type of service. This type of market domination google shows is fortunate because theres a lot of other search engines. so the second google became bad we could easily switch. Thankfully theres no government regulation forbidding competition, and thankfully google isnt part of the government.

Google dominates by massive numbers because everyone loves google. Theres nothing wrong with that. The second people dont love them, then we can switch. They still define the service though.

So?

"In Economics, a monopoly (from Greekmonos , alone or single + polein , to sell) exists when a specific individual or enterprise has sufficient control over a particular product or service to determine significantly the terms on which other individuals shall have access to it"

They pretty much have that, luckily google is awesome. A monopoly dosent just have to be the ONLY service, it just has to be the only one that esssentially controls the type of service. This type of market domination google shows is fortunate because theres a lot of other search engines. so the second google became bad we could easily switch. Thankfully theres no government regulation forbidding competition, and thankfully google isnt part of the government.

Google dominates by massive numbers because everyone loves google. Theres nothing wrong with that. The second people dont love them, then we can switch. They still define the service though.

H8sMikeMoore

[QUOTE="H8sMikeMoore"]

So?

"In Economics, a monopoly (from Greekmonos , alone or single + polein , to sell) exists when a specific individual or enterprise has sufficient control over a particular product or service to determine significantly the terms on which other individuals shall have access to it"

They pretty much have that, luckily google is awesome. A monopoly dosent just have to be the ONLY service, it just has to be the only one that esssentially controls the type of service. This type of market domination google shows is fortunate because theres a lot of other search engines. so the second google became bad we could easily switch. Thankfully theres no government regulation forbidding competition, and thankfully google isnt part of the government.

Google dominates by massive numbers because everyone loves google. Theres nothing wrong with that. The second people dont love them, then we can switch. They still define the service though.

quiglythegreat

You missed the point.

[QUOTE="yoshi-lnex"]Actually by definition, in order to be a free market, the government has to take part.GuardianGI

a free market economy= the prices of a product are regulated by businesses and private corporations

[QUOTE="duxup"]

[QUOTE="GuardianGI"][QUOTE="duxup"]I'm always a bit baffled by the folks who seem to feel that a totally free and unrestricted market would just up and solve any problems. It only takes a bit if history to see where that goes wrong.GuardianGI

Must be :o

A totally unregulated free market would very quickly become anything but free.

A totally unregulated free market would very quickly become anything but free. duxup

Absolutely. I think people have the misconception that every facet of the market is a perfect competition since that's the most widely taught portion of microeconomics. There are so many assumptions keyed into perfect competition that it almost never applies to the real world except in the broadest sense.

Bottom line, if someone can overcharge for something because they control the inputs or the process of manfacturing, they will regardless if it hurts other people or industries.

[QUOTE="GuardianGI"][QUOTE="yoshi-lnex"]Actually by definition, in order to be a free market, the government has to take part.Iron_gator

a free market economy= the prices of a product are regulated by businesses and private corporations