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There are many instances of “the” law, but your argument basically boils down to “who cares about markets, monopolies are good” which is a strange take.
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> a strange take

and a strawman. Monopolies are still subject to the Law of Supply and Demand, whether they are good or bad.


It's not a strawman, right above you said Standard Oil didn't steal anything because monopolies “don't owe [their] customer a discount.”

> “who cares about markets, monopolies are good”

I never wrote anything resembling that fabrication, and it doesn't follow from your reply, either.


> As for Rockefeller being a "robber", the rise of Standard Oil resulted in the price of kerosene dropping 70%.

This is your quote right? Now tell me how this doesn't resemble the “fabrication” above?

And indeed it follows from my reply as well: if setting prices independently from costs is OK, then monopolies are good. Because market competition is lauded for preventing exactly that.


I quoted "robber" in https://news.ycombinator.com/item?id=47654948 when I replied to it. I did not "fabricate" it.

> if setting prices independently from costs is OK, then monopolies are good. Because market competition is lauded for preventing exactly that.

Your premise does not lead to your conclusion. It doesn't make any sense.


I'm pretty sure you don't have reading deficiency, yet that's the only explanation I can find for this thread…



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