Quote:
Originally Posted by piercehawkeye45
The problem is that human beings in general will never try to keep the free market free, especially in a capitalistic society, where eliminating your competition will make you more money. Theoretically, the free market can be very good and provide everyone with benefits but humans lust for power will always take control of the system and use it for individual pleasure and reasons.
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So you figure the evolution of a free market is toward monopoly? I don't. How is a monopoly created?
It's never happened without the force of the government.
It is not part of the natural evolution of a free market, where the interests of the consumers undercut any sole-source provider of a good or service -- the way to carve out market share being essentially to offer better value for price, either for example a better product for the same price or the same quality product for a lesser price. It is instead interference with a free market by shutting out other entrepreneurs by
force majeure.
Ringer's Paradox is seen in this arena too: in patent law. The intent in patent law is that the creator should have first crack at the benefits of his creation, and this seems quite tolerable.