leadbyexample on Nostr: heartbreaking indeed, but Rothbard doesn't agree with this in Man, Economy and State. ...
heartbreaking indeed, but Rothbard doesn't agree with this in Man, Economy and State.
He specifically made the example of the company that applies very low prices to push all competitors out of the market, and once they are out it reaps the benefits, and he explained why this is not really possible in a free market.
Sure, I have no idea about how much those laws that he talks about in the beginning, where you can't sue a farm factory, played a role in enabling this case, and if they did then, yes, this is yet another case, not of company corruption and market pollution, but, guess what, state overreach that damages the people.
He specifically made the example of the company that applies very low prices to push all competitors out of the market, and once they are out it reaps the benefits, and he explained why this is not really possible in a free market.
Sure, I have no idea about how much those laws that he talks about in the beginning, where you can't sue a farm factory, played a role in enabling this case, and if they did then, yes, this is yet another case, not of company corruption and market pollution, but, guess what, state overreach that damages the people.