The Free Market Regulating Itself

#26
#26
RespectTradition said:
In 1904 their market share was ~91% but by 1911 before they were broken up that had dropped to 64% without any government intervention.

Basically, they hit the market first, had the best business model, helped consumers (kerosene was $.88 per gallon in 1870 and $.06 per gallon in 1907), but others were finally catching up.

How was their "monopoly" bad?
Click to expand...

One of the grossest fabrications of history ever.

I'm impressed, actually. :hi:
 
#31
#31
RespectTradition said:
In 1904 their market share was ~91% but by 1911 before they were broken up that had dropped to 64% without any government intervention.

Basically, they hit the market first, had the best business model, helped consumers (kerosene was $.88 per gallon in 1870 and $.06 per gallon in 1907), but others were finally catching up.

How was their "monopoly" bad?
Click to expand...

RespectTradition said:
What fact is incorrect or fabricated? If you can't name one and source it with a reliable source then you sir are a cad and a liar.
Click to expand...

Well, I would ask if the kerosene price you are quoting was from their illegal undercutting of the competition, a practice they were able to do with impunity noting their monopoly. And a practice which was one of the four points the gov't used the SATA to break them up.

I mean, do you really want to go here? Do you really not know this history?

225px-Ida_M_Tarbell_crop.jpg


Free marketeers not believing in competition. It's such a wonderful and delicious contradiction running right through Capitalism (as it is in its historic Death Throes).
 
#32
#32
utgibbs said:
Well, I would ask if the kerosene price you are quoting was from their illegal undercutting of the competition, a practice they were able to do with impunity noting their monopoly. And a practice which was one of the four points the gov't used the SATA to break them up.

I mean, do you really want to go here? Do you really not know this history?

225px-Ida_M_Tarbell_crop.jpg


Free marketeers not believing in competition. It's such a wonderful and delicious contradiction running right through Capitalism (as it is in its historic Death Throes).
Click to expand...

death throes 80 yrs and counting.....
Posted via VolNation Mobile
 
#33
#33
utgibbs said:
Well, I would ask if the kerosene price you are quoting was from their illegal undercutting of the competition, a practice they were able to do with impunity noting their monopoly. And a practice which was one of the four points the gov't used the SATA to break them up.

I mean, do you really want to go here? Do you really not know this history?

225px-Ida_M_Tarbell_crop.jpg


Free marketeers not believing in competition. It's such a wonderful and delicious contradiction running right through Capitalism (as it is in its historic Death Throes).
Click to expand...

Don't ask me a thing. Answer. Now. Show me one fact in my post that is a fabrication. Don't pontificate. Man up. Or admit you are a liar. Now.
 
#35
#35
utgibbs said:
Well, I would ask if the kerosene price you are quoting was from their illegal undercutting of the competition, a practice they were able to do with impunity noting their monopoly. And a practice which was one of the four points the gov't used the SATA to break them up.

I mean, do you really want to go here? Do you really not know this history?

225px-Ida_M_Tarbell_crop.jpg


Free marketeers not believing in competition. It's such a wonderful and delicious contradiction running right through Capitalism (as it is in its historic Death Throes).
Click to expand...

You have been weighed, you have been measured, and you have been found wanting.
 
New posts
You must log in or register to reply here.

VN Store



Back
Top