You are viewing a single comment's thread from:
RE: A Message From the Chief Anarchist For the Anarcho Capitalist Peasants.
I like the point you are making here, in particular, one of no real competition/free market. Consider a reset button and a type of resources accessible to anyone. The first 4 players will grab the resources and turn them into profitable ventures and seek to accumulate most amount of wealth. Players who enter the market later are "late to the game" : They cannot establish their own venture as the market is now dominated by 4 players, the cost of entry is too high, the other players can always outcompete newcomer with lower prices and squeeze them out - and essentially the new players get blocked out from participating in this "free market".
There is a fundamental problem in the system.
Absolutely, yes - there is no mechanism present to correct this within the basic process of commerce and trade. The main practical response I have heard from (a prominent anarcho capitalist on steem) to this is, ironically, along the lines of:
"Do you really think that the people will allow for such domination? They will stand up and rebel/revolt with force!"..
Oh, you mean like a communist revolution? lol
There is no mechanism to incentivize "stopping or reduction of accumulation". Where does it stop? If it's profitable, it never does. Why should it stop, what's the reward?
A good practical example is the Big 4 Telecom companies in the US who own all the cables and the rest of infrastructure. They are doing a bad job, but they have all the infrastructure and the cost of market entry is too high for anyone who wants to setup an independent ISP.
Yes, that is a pattern that applies in many industries, not least anything that involves a requirement for peer reviewed 'science', such as pharmaceuticals and to some extent even herbs and foods - since those who use their wealth to dominate move ever closer to shutting down trade and production of anything that hasn't gone through costly processes that mostly only they can afford.
Empire building is exactly that!