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/sci/ - Science & Math

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3247519 No.3247519 [Reply] [Original]

What would happen if the government stop regulating the economy?

>> No.3247529

>>3247519
Monopoly

>> No.3247533

Look out the window, turn on the tv, etc etc.

>> No.3247538

Boom,Bust,Boom,Bust....

>> No.3247546

>>3247519

What kind of deregulation? Almost ALL capitalists/free market advocates agree that there are some rules that the government must enforce: property rights, contracts, and protecting against fraud.

>> No.3247560

>>3247538
>implying the efforts of central bankers in the 20th century have been successful at all

>> No.3247562

>>3247546
>hurp durp only the rich should get protection

this is why no one takes you libertarian/liberal faggots seriously

>> No.3247572

>>3247529

> Monopoly

in what? lol Monopolies can be beneficial as they lead to lower costs of products for citizens.

If you think Monopolies are inherently immoral, get a grip.

>>3247538

lrn2otherthanpublicschooling

>> No.3247574

OP is a tremendous faggot that knows dick about economics or politics and should kill himself.

>> No.3247575

>>3247560

This is the exact opposite of what he's implying.

>> No.3247583

>>3247562

This benefits both sides, jackass.

If a corporation doesn't deliver the goods who was bound by a contract, guess who's gonna come knocking on the door of that corp?

>> No.3247605
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3247605

>>3247583
>mfw Adam Smith and Say were both against corporations
>mfw libertarians ignore that fact

>> No.3247612
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3247612

What's going on in this thread?

>> No.3247638
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3247638

>>3247612

Sup friedman

>> No.3247643

>>3247605
Lolbertarian cherry-picking is an art.

>> No.3247648

Most corporations exist thorough exploitation of government-created laws, tax breaks and policies while manipulating the government through lobbying to create more of said government intervention that benefits them. The biggest flaw is the intellectual property systems, which allow large corporations to squash smaller businesses that innovate and create superior products. A lack of government regulation would hinder large corporations and allow small businesses more freedom to compete, strengthening the economy. Free market does not benefit corporations, except in situations where the startup cost is high.

>> No.3247678

>>3247605

Libertarians have also different subsets of groups. They have the Libertarian socialists (which is a mindfuck and imo, deals with personal preferences) and Libertarian capitalists

I'm not against all corporations, I think some, depending on the values and vision of the man/woman running the place, can be overall good for me and other people who agree with the vision.

>> No.3247672
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3247672

>>3247605
>mfw you believe what Chomsky says about Smith

>> No.3247683

Can't be done. You always have some regulation.

your question is invalid

>> No.3247688

>>3247572
>Monopolies lead to lower costs for citizens

from what I recall, monopolies lead to increase of producer's surplus at the expense of consumers. And reduce the innovation drive.

perhaps you are confusing this with the term 'natural monopoly', which basically boils down to saying that it's overall cheaper to have one infrastructure of given kind, than multiple ones...

>> No.3247690
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3247690

>>3247683

EK is actually right about something for once.

>> No.3247698

>>3247683
This, even in an anarchic system.

OP's question is a non sequitur; OP, therefore, is a faggot

>> No.3247713
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3247713

I think a lot of people would lose their homes if the economy was set free.

>> No.3247724

>>3247713

[citation needed]

>> No.3247770

ok, so you can buy foodstuf no.1 from company X, which contains several known carcinogens, or you can buy foodstuff no.2 from company Y, which tastes like wood shavings. You can't afford foodstuff no.3 from company Z, which is actually edible and doesn't devastate your innards, because you can't afford it from your paycheck (given to you by only employer in your town, company X). But main thing is, that you are free to choose between 1 and 2 or starve to death.

>> No.3248128

As usual, OP is a faggot.

>> No.3248765
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3248765

>>3247572

>Monopolies can be beneficial as they lead to lower costs of products for citizens.

http://en.wikipedia.org/wiki/X_inefficiency

>> No.3248793

>>3247519
>What would happen if the government stop regulating the economy?
democracy

>> No.3248807

>>3248765

>implying monopolies form without government aid

>> No.3248811

>>3247572
troll is obvious

>>3247519
read up on John Rockefeller

>> No.3248812

>>3247562
ever play fallout?

>> No.3248857

>>3247519
This issue is a lot more complicated than people think. If you were to just get rid of all sorts of regulations that would be a terrible thing and basically all of the corporations that are immensely benefiting from the government right now but the government is holding them back from making too much profit. With that these parasitic corporations will just reek havoc until they go belly up from free market competition but this takes a long time.

If they do it in a logical way then things will be better.

The best example of this would have to be california when they decided to deregulate their energy economy and it became a horrendous mess. Enron stepped in and they jacked up the rates. Why wasn't deregulating working though? It's because the government didn't deregulate into what the private sector would have done in the first place had strict private property rights been upheld and because we have been developing a coal based infrastructure for so long that it's hard for green energy to take over.

What the free market energy structure would look like eventually would be personal energy in the form of solar panels on your roof, geothermal and wind because they can actually be constructed fairly cheaply if we had a greater demand for it and it's not that invasive to your neighbors. If we can somehow transition to this sort of thing then deregulation is much much better and have better unintended consequences such as lowering global warming massively.

That's basically how it works.

>> No.3248860

>>3247519

Eh, true capitalism.

>> No.3248975

>>3248807
>>3248807
>>3248807
>>3248807

Dumbest fucking thing I have read on /sci/ in a long time. Just fucking leave this thread and stop acting like you know jack shit. People like you are harming the impressionable youth that don't know any better.