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Technology Stocks : George Gilder - Forbes ASAP
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To: Ilaine who wrote (4361)5/18/2000 12:44:00 AM
From: Maurice Winn  Read Replies (1) of 5853
 
Cobalt, you should NOT cut the end off sentences. It totally changes the meaning of the sentence. Add this bit back on <...which I'd consider in the slightest hazardous to my financial health.>

Here is most of the first part: >>I've never heard of a private monopoly which didn't operate under some government protection<<

See the difference?

US Steel had lots of competitors and so did Standard Oil. Anyone could make steel or mess around with oil. The price of oil actually FELL a long way during Standard's tenure as Baron Robber. That's because they have to compete and while they could gain hugely in market share by reducing unit costs, driving hordes of scummy little over-charging competitors out of business, they had to cut prices to get the business.

If they charge a high price in a 'monopoly' zone, the customers will relocate their oil consumption to another zone where competitors can supply or there will be some damn competitor making inroads in one way or another.

I suspect I gained advantage from the 'monopolies' because they enabled rapid economic development based on cheap steel and oil with ever improving quality and service.

Thousands of rats and mice steel and oil producers is NOT a good way to run an economy.

Mqurice

PS: In case anyone thinks this stream is about what GG thinks, not me and CobaltBlue, I'm saying what GG thinks about monopolies. It just saves him the trouble of writing it and you get the answer quickly. Anything else you want to know about what GG thinks, just ask! [Just kidding folks...don't get all knotted]
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