http://www.capitalismmagazine.com/2014/12/capitalism-brings-prosperity/

 

Very good and perfectly true. The whole black market economy is pure capitalism. From a bootleg DVD sold by a street vendor to crack - pure capitalism.

I don't understand how you can think that. These are pure, textbook examples of the features of government-controlled markets. Supply is severely restricted by fiat and price thus rises until a balance with demand is achieved.

A lot of control schemes are not as extreme as your two examples, which are both a result of government granting legal monopolies. Bootlegging results from a legal monopoly granted the artist and crack prices are the result of only physicians having legal (but restricted) access to cocaine.

Lesser levels of control have less acute impacts, but there is always some impact from meddling.

 

I don't understand how you can think that. These are pure, textbook examples of the features of government-controlled markets. Supply is severely restricted by fiat and price thus rises until a balance with demand is achieved.

A lot of control schemes are not as extreme as your two examples, which are both a result of government granting legal monopolies. Bootlegging results from a legal monopoly granted the artist and crack prices are the result of only physicians having legal (but restricted) access to cocaine.

Lesser levels of control have less acute impacts, but there is always some impact from meddling.

Only in a highly regulated market could one ounce of a weed that can grow anywhere and by anyone fetch $300 per ounce.

 

I don't understand how you can think that.

Well, with your comment, the answer is, it depends on the frame of reference and one's ability to see what is within the limits of influence and what are not.

I would say physician accessible Cocaine is not crack. Ask your local federal judge and you'll learn that there is a significant difference on sentencing guidelines between cocaine and crack - that is why I used crack as the example. So, since there is not "medical crack" that physicians have access to, your point is pointless. Free market - pure capitalism.

As for bootleg DVDs, the only thing that limits pure capitalism is the upper price limit that the bootlegger can likely sell for. Since prices in the real market are so depressed vs. the bootleg market, I would say the influence of the real market does not impact pricing (supply/demand) on the bootleg market. I would categorize this free market, as a free market with functional competition, not direct competition. The functional competition in this case is the non-bootleg DVD. The market for bootleg DVDs is Free and pure capitalism.

I would disregard any functional competition interference in any free market study because there is always a "functional competition" in every free market - which could be, not to participate. If you insist on pulling in functional competition (medical cocaine), then I'm done arguing because that is just plain dumb.

 

Only in a highly regulated market could one ounce of a weed that can grow anywhere and by anyone fetch $300 per ounce.

Ok hear me out. It's regulated by the free market. What you have a hard time understanding is that the free market with next to no public regulation is shady as F.

Only regulated by thugs. Sounds insane but still a reality.

 

It's regulated by the free market.

That's an oxymoron.

 

Only regulated by thugs.

Thugs, bureaucrats. What's the difference?

 

Thugs, bureaucrats. What's the difference?

Very little from a practical view, but thugs and pirates are just forces of nature that raise costs and prices. When bureaucrats manipulate market prices, that defines the lack of capitalism.

 

Thugs, bureaucrats. What's the difference?

One will make your plans have to wait a minute or a year, the other one will use a power drill to your knee if you don't vote like the money does.

True story.

 

One will make your plans have to wait a minute or a year, the other one will use a power drill to your knee if you don't vote like the money does.

True story.

And also true: bureaucrats use guns to deprive citizens of their property or life.

 

Very little from a practical view, but thugs and pirates are just forces of nature that raise costs and prices. When bureaucrats manipulate market prices, that defines the lack of capitalism.

"An economic and political system in which a country's trade and industry are controlled by private owners for profit, rather than by the state."

Regulated mostly by bullies and thugs though.

 

And also true: bureaucrats use guns to deprive citizens of their property or life.

That does not ring any bells where I'm from. You guys really are drowning in the 2nd amendment huh?

Well librarians shouldn't have to open carry but this is a shit storm you guys made yourselves.

 

That does not ring any bells where I'm from.

The first job of government is to seize a monopoly on violence. I doubt this is any different in Iceland. If you reject the will of the state, you will eventually be faced with lethal force.

 

The first job of government is to seize a monopoly on violence. I doubt this is any different in Iceland. If you reject the will of the state, you will eventually be faced with lethal force.

OK Mr. dramatic. No. It take way more than to reject the will of the laws of the land to be hit with lethal force in Iceland.

Edit: in general because the police sometimes think that they are in an American movie instead of reality.

Only one person shot dead by the swat team here so far.

 

The first job of government is to seize a monopoly on violence. I doubt this is any different in Iceland. If you reject the will of the state, you will eventually be faced with lethal force.

This is an axiom that liberals unfailing refuse to grasp. And I unfailingly cannot figure out why.

 

This is an axiom that liberals unfailing refuse to grasp. And I unfailingly cannot figure out why.

Corollary:
"Government that is big enough to give everything you need and want is also strong enough to take it away."
- unknown (often misattributed to Thomas Jefferson)

 

Corollary:
"Government that is big enough to give everything you need and want is also strong enough to take it away."
- unknown (often misattributed to Thomas Jefferson)

One need only look to Venezuela for a contemporary example.

 

Corollary:
"Government that is big enough to give everything you need and want is also strong enough to take it away."
- unknown (often misattributed to Thomas Jefferson)

True. However in the free world it has become the free market that is the government. The government is just an extension/puppet of the "free" market.

Yeah I know you guys yearn for the truly free market. However capitalism of the old won't allow new flowers to grow unless they can harvest it for themselves.

 

Yeah I know you guys yearn for the truly free market. However capitalism of the old won't allow new flowers to grow unless they can harvest it for themselves.

Fine. Have it your way.

 

Fine. Have it your way.

That is in no shape or form my way.

This is closer to my way.