Megiddo said:
Laissez-faire capitalism is based around the idea of no government intervention whatsoever in private business. The government is "hands off" and leaves private business to do what it wants. The point of a corporation is to make money. If there is something that is impeding a corporation from making money then they will do what they can to remove the impediment. Let's use an example. Dollar General and Family Dollar are both entities that serve pretty much the same purpose. They are competitors vying for the same consumers and are each impeding the other from making more money. What usually happens in a free market? Why, they merge! And in Family Dollar's case, it was very much an unwanted merger. That doesn't matter though, because Dollar General had the ability to threaten a hostile takeover by buying up Family Dollar's stock. That resulted in the merger. Sources: That is the free market. That is suppressing the opposition by buying them out and removing competition to get close to monopolizing the market and to have full control
So now, I've done a good deal of teaching. I don't mind the lesson, but it's boring when there's no actual discussion going on. Feel free to bring up your own thoughts if you can manage to sort them out clearly. |
"Laissez-faire capitalism is based around the idea of no government intervention whatsoever in private business."
which is not a thing in america
"The point of a corporation is to make money."
and to do so they need to provide some type of value to the consumer, which is why ou have video games, the internet, a computer, a forum to spread your ideas on etc etc etc
its funny how that bit always gets left out
"Let's use an example."
lets get this straight, you aren't explaining anything to me, i'm absolutely certain that i understand this better than you do
"That is the free market."
what is your alternative, this is the second time i'm asking
"That is suppressing the opposition by buying them out and removing competition to get close to monopolizing the market and to have full control"
and others if they come up with a better way of doing things can still challenge
this is why massive stores like jc penny are starting to fail because amazon came up with something better
this is what you people do not get, markets are always in flux
