There are lots of different kinds of markets, like phone market, grocery market, goldsmith market, etc.
The governments have to interfere in many markets all the time, that there aren’t monopolies forming or Price-fixing agreement be done, which would lead to prices go ridiculously high, or last companies in markets fucking up taking tons of knowhow with them.
Or trade secrets. “Perfect information” is a bitch. Not to speak of “perfectly rational actors”: Say goodbye to advertisement, too, we’d have to outlaw basically all of it.
Trade Secrets don’t need to be enforced much by law. You can create an ad hoc trade secret regime by simply keeping your secret between a few key employees. As it happens, there are some laws that go beyond that to help companies keep the secret, but that only extends something that could happen naturally.
To be fair, we absolutely should outlaw at least 99% of all currently oracticed forms of advertising and make it so that new forms of advertising have to be whitelisted by a panel of psychiatrists, sociologists, environmentalists and urban planners before they’re allowed.
license enforcement is a thing because if someone bypasses it you can sue them, which is a government interaction. Technically, claiming X means nothing if there’s no one that enforces your claim.
Yes but that rule protects you the same as it does them. They can be a monopoly if nobody else can get their chips sold but they cannot be a government enforced monopoly unless nobody else is allowed to sell chips.
explodicle@sh.itjust.works 6 days ago
This is 100% capitalism. It’s not free market to have a goverment-enforced monopoly.
chakan2@lemmy.world 6 days ago
This is textbook late stage free market ideals at work. This is how the free market always ends.
FinalRemix@lemmy.world 6 days ago
X -
The system is broken.✅ - The system is working exactly as intended and must be destroyed.
Buffalox@lemmy.world 6 days ago
Problem is that most people who say that, have nothing to replace that works better.
explodicle@sh.itjust.works 6 days ago
Yeah the system that actually exists, capitalism.
sunbeam60@lemmy.one 6 days ago
Sorry have you been around to observe a lot of free markets ending?
trashgirlfriend@lemmy.world 6 days ago
Gestures wildly at current state of things
Petter1@lemm.ee 5 days ago
There are lots of different kinds of markets, like phone market, grocery market, goldsmith market, etc.
The governments have to interfere in many markets all the time, that there aren’t monopolies forming or Price-fixing agreement be done, which would lead to prices go ridiculously high, or last companies in markets fucking up taking tons of knowhow with them.
explodicle@sh.itjust.works 6 days ago
When did it start?
ConsistentParadox@lemmy.ml 6 days ago
You are correct. There would be no copyrights or patents in a free market.
lud@lemm.ee 6 days ago
Yeah, the huge companies would dominate over small companies even more than they already do.
ConsistentParadox@lemmy.ml 6 days ago
Copyrights and patents are literally government enforced monopolies for huge companies. Without them, there would be a lot more competition.
barsoap@lemm.ee 6 days ago
Or trade secrets. “Perfect information” is a bitch. Not to speak of “perfectly rational actors”: Say goodbye to advertisement, too, we’d have to outlaw basically all of it.
frezik@midwest.social 6 days ago
Trade Secrets don’t need to be enforced much by law. You can create an ad hoc trade secret regime by simply keeping your secret between a few key employees. As it happens, there are some laws that go beyond that to help companies keep the secret, but that only extends something that could happen naturally.
avidamoeba@lemmy.ca 6 days ago
Are you telling me that the axioms behind the simplistic model are wrong??
shocked-pikachu.jpgPeruvian_Skies@sh.itjust.works 5 days ago
To be fair, we absolutely should outlaw at least 99% of all currently oracticed forms of advertising and make it so that new forms of advertising have to be whitelisted by a panel of psychiatrists, sociologists, environmentalists and urban planners before they’re allowed.
Maggoty@lemmy.world 6 days ago
What’s government enforced about it? Is ARM the only allowed chip maker for cellphones?
explodicle@sh.itjust.works 6 days ago
Copyrights and patents
Maggoty@lemmy.world 6 days ago
That’s not a government enforced monopoly. A government enforced monopoly means nobody else is allowed in the market. Like utility companies.
bamfic@lemmy.world 6 days ago
Lol copyrights and patents are capitalism
fushuan@lemm.ee 6 days ago
license enforcement is a thing because if someone bypasses it you can sue them, which is a government interaction. Technically, claiming X means nothing if there’s no one that enforces your claim.
Maggoty@lemmy.world 6 days ago
Yes but that rule protects you the same as it does them. They can be a monopoly if nobody else can get their chips sold but they cannot be a government enforced monopoly unless nobody else is allowed to sell chips.