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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: GraceZ who wrote (15162)11/17/2003 4:18:04 AM
From: Elroy JetsonRead Replies (1) of 306849
 
Your post brings out the real truth. The last thing any business wants is competition. Monopolies provide business people with a pleasant and fulfilling life which is well compensated. Governmental actions or technological changes which restore competition have been more damaging to graceful lifestyles than any country club crasher. Competition and Free Markets are simply un-American.

President Herbert Hoover's administration was very active in consolidating industries in order to eliminate the "ruinous competition" which was depressing prices and forcing many businesses into bankruptcy.

Hoover's efforts to restore natural monopolies to American have been tarnished by the unfortunate Great Depression which immediately followed his actions. Some have even gone so far as to unfairly blame the Depression on his efforts to eliminate dangerously free markets.

Those crazy un-American Austrian economists and earlier ivory tower thinkers like Adam Smith simply didn't understand how dangerous competition and free markets are to the business community and to profits.

You are correct in observing that conservative economists like Karl Marx fully understood the importance of business concentration and monopolies to the health of the capitalist system and long term profitability. Marx demonstrated that monopolies are the natural progression and endpoint of capitalism.

Proponents of free markets and competition who call for Anti-Trust action simply don't understand natural Marxist progression and the damage restoring free trade creates.
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