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Puerto Rico Declares Bankruptcy
#15
(05-18-2017, 06:18 AM)pbrower2a Wrote:
(05-18-2017, 04:21 AM)Galen Wrote:
(05-09-2017, 05:59 PM)pbrower2a Wrote:
(05-09-2017, 10:51 AM)Eric the Obtuse Wrote: Galen writes about the finite limits of resources, then sets loose corporations that destroy the Nature we depend on.

He believes in nearly-untrammeled power of giant corporations to mistreat employees and corner markets.

You forget that markets are very good at allocating resources in a finite environment.  Unfortunately, you are too clueless to learn anything useful.  Not unexpected, given your understanding of science is limited to about the seventeenth century. (Sad fact of reality put back.)

Magnates can also be extremely efficient in allocating resources  -- especially when they manage and exploit a scarcity of their own design. Of course we know how that works.

Here is what happened when big business tried that in the nineteenth century.  There is also no such thing as as natural monopoly.  



Democracy is the theory that the common people know what they want, and deserve to get it good and hard. -- H.L. Mencken

If one rejects laissez faire on account of man's fallibility and moral weakness, one must for the same reason also reject every kind of government action.   -- Ludwig von Mises
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Messages In This Thread
Puerto Rico Declares Bankruptcy - by pbrower2a - 05-05-2017, 08:43 AM
RE: Puerto Rico Declares Bankruptcy - by Odin - 05-06-2017, 09:26 AM
RE: Puerto Rico Declares Bankruptcy - by Galen - 05-06-2017, 06:36 PM
RE: Puerto Rico Declares Bankruptcy - by Galen - 05-09-2017, 03:52 AM
RE: Puerto Rico Declares Bankruptcy - by Galen - 05-18-2017, 04:21 AM
RE: Puerto Rico Declares Bankruptcy - by Galen - 05-18-2017, 03:33 PM
RE: Puerto Rico Declares Bankruptcy - by Galen - 07-01-2017, 09:42 PM

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