Subject:
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Re: Libertarianism again.
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Newsgroups:
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lugnet.off-topic.debate
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Date:
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Wed, 1 Sep 1999 16:56:18 GMT
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Reply-To:
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(lpieniazek@novera.com)Spamcake()
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<FHDLGC.AAv@lugnet.com> <37CD2061.1A04C593@voyager.net> <FHDzL4.2L5@lugnet.com>
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Simon Robinson wrote:
> Blimey - what planet do you live on??? Natural monopolies are a standard
> recognised part of economic theory.
of SOME economic theories. Just not the ones that actually work.
Keynsian economics is a miserable failure.
Simon, don't argue from authority. Just because a text says that natural
monopolies have to exist doesn't make it so. The Austrian school pretty
thoroughly debunked natural monopolies and showed why all the standard
arguments "requiring" them don't hold. Heck, just about everything in
the classic Samuelson text has been shown to be untrue, along with the
rest of Keysnian economics.
> They occur for all sorts of reasons
> - such as owning access to a resource that only occurs rarely
> or where
> the entry costs into an industry are prohibitive. Or where the existing
> companies in an industry have got together (which in the absence
> of Government action they invariably will) to collaborate and keep
> other companies out.
But if you insist, name a natural monopoly and the barriers to entry and
I'll show why it's not really natural, but a government imposed,
monopoly instead. Or better yet, I'll lead YOU through the process and
you can discover the hand of government for yourself.
> I think it's about time you started applying your libertarian economic
> theories to the real world
I do, every day.
> instead of continually pushing out
not pushing anything. Merely answering questions and deflating
misconceptions. I could care less what anyone else does or thinks as
long as they leave me alone.
> these simplistic ideas
> that sound great but simply never work in practise. A pure free
> market in almost all cases DOESN'T WORK.
How do you know? We've never ever actually had one. But the closer we
get, the better things work. I admit that this may not be an asymptotic
case but that's what the evidence seems to be pointing to.
--
Larry Pieniazek larryp@novera.com http://my.voyager.net/lar
- - - Web Application Integration! http://www.novera.com
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lugnet.
NOTE: I have left CTP, effective 18 June 99, and my CTP email
will not work after then. Please switch to my Novera ID.
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Message has 1 Reply:
 | | Re: Libertarianism again.
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| Larry Pieniazek <lar@voyager.net> wrote (...) .. (...) Larry, heed thyself. Or is simple contradiction permitted? (...) The telephone system, specifically the local loop. For the purposes of argument it will be easier if we restrict this to (...) (25 years ago, 4-Sep-99, to lugnet.off-topic.debate)
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Message is in Reply To:
| | Libertarianism again.
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| was: Re: Misperceptions of America (Was: Conversation w/ a LEGO Rep) Mike Stanley <cjc@NOSPAMnewsguy.com> wrote in (...) I can, but none of them strike me as realistic. The scenario itself seems to be more or less believable, in the sense that it (...) (25 years ago, 31-Aug-99, to lugnet.off-topic.debate)
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