How Does a Free Market Prevent a Monopoly? No, we weren't. At least I wasn't when I said that. The fact that a company could create a monopoly without a trust doesn't equal "nothing stopping them. " Sounds like zero competition to me. "Plenty" minus "them all" equals zero. But of course that's not actually true. Rockefeller didn't actually take them all out. But the other companies did have a hard time actually trying to compete with Standard Oil. No, you implied there was a shortage of competitors since the U.S. ran out of them.
It was both. Those are not hindrances to a free market, and are not commonly called "regulation" since they are not targeted and apply to everyone equally. I agree. Unchecked? Standard Oil's monopoly was the result of a combination of Standard Oil's actions and government's actions. And if you believe Standard Oil would have become a monopoly in a free market (free from force, fraud, and coercion), then either you are using a different definition of "free market" or a different definition of "monopoly.
" What Do We Deserve? A special report on global leaders: The rise and rise of the cognitive elite. How to Make Trillions of Dollars | Raptitude.com. Before I get into it, I must say that I don’t recommend that you do this. I’m sharing this strategy for information purposes only, so that you can understand the playing field you’re working with, and can make better personal choices for how you make and manage your money. I do encourage you to become a millionaire, if that’s something that interests you. If it’s billions you’re after, I’m a bit suspicious but I’ll give you the benefit of the doubt. Aspiring to trillions, though, is the domain of the wicked alone and we won’t be able to be friends any more. The big money isn’t in creating products, it’s in creating customers. A single, lifelong customer who lives his life spending the way you want him to is worth six or seven figures. You can make millions by selling a great product to people who need it, but you make billions and trillions by conditioning an entire nation of people to react to every inconvenience, every whim, and every passing desire or fear by buying something.
Kickitover.org | Before economics can progress it must abandon its suicidal formalism.
New Economics. Inflation and the Fall of the Roman Empire - Joseph R. Peden. [This is a transcript of Professor Joseph Peden's 50-minute lecture "Inflation and the Fall of the Roman Empire," given at the Seminar on Money and Government in Houston, Texas, on October 27, 1984. The original audio recording is available as a free MP3 download.] Two centuries ago, in 1776, there were two books published in England, both of which are read avidly today. One of them was Adam Smith's The Wealth of Nations and the other was Edward Gibbon's Decline and Fall of the Roman Empire. Gibbon's multivolume work is the tale of a state that survived for twelve centuries in the West and for another thousand years in the East, at Constantinople. Gibbon, in looking at this phenomenon, commented that the wonder was not that the Roman Empire had fallen, but rather that it had lasted so long.
I've been asked to speak on the theme of Roman history, particularly the problem of inflation and its impact. Monetary, fiscal, military, political, and economic issues are all very much intertwined.