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Politics : Politics for Pros- moderated -- Ignore unavailable to you. Want to Upgrade?

To: SteveinTX who wrote (426605)5/13/2011 1:56:50 PM
From: LindyBill  Read Replies (2) | Respond to of 794295
 
I use the "water monopoly" when trying to convince people that monopolies are moral. It's amazing how many otherwise pro-freedom people are against monopolies. My favorite "I'm for Capitalism but," types.

Suppose you live in a community where one man owns the water supply and raises the price beyond reason? How do you handle that?

The answer, of course, is that he would go bankrupt if he did. His best course is to maximize his profit by selling you the the most efficient amount that his system will supply.



To: SteveinTX who wrote (426605)5/13/2011 2:12:01 PM
From: Bearcatbob  Respond to of 794295
 
Here in NE Ohio the water is free. In other parts of the country and world I would argue it is a commodity that must be rationed by price and hence is not free.

One of the economic advantages we have in NE Ohio is water. Anything that restricts our use of that advantage - well - is just more of the crap that is ruining our nation.

Bob


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