/lit/ - Literature

>>9272783
Yeah
But not in oil, you dense motherfucker.
And you said
>you're also a rich white man going there because your dad works in the oil business.
No, I go there because *I* have my own job in *IT* and I have my own work, you dense motherfucker.

>>9113562
>How is it not economically efficient for the market to simply listen to supply and demand when forming prices
Since no attempts to allow markets to do this have ended other than with a dire need for intervention, I'd say Real Life wins over theory
> the kinds of monopolies that result from government intervention and multinational corporations that have the government in their pockets.
Yet in the *absence* of governmental interference the monopoly situation was *worse*. By price and market manipulation and sheer force Standard Oil effectively controlled the oil, kerosene, and rail transport verticals of the US and it took government action to *stop* Standard.
>There's never been an example of good government regulation
OSHA; food purity standards; fire safety codes; construction safety requirements; limited liability laws.
Top of my head
>If the corporation raises prices high enough that they are no longer competitive, they allow competitors to enter.
Unless they erect barriers to entry. Like they always have.
<Why is it so strange to believe that maybe a major reason it's so fucked up is the government itself?
Because I have read history books.

How do I get my life together and stop watching trite garbage that's molded my attention span to shit and focus more on reading literature?