America wants a Modern America, not a Duck Dynasty America

Monopoly power is a stupid Term the leftist conjured up to cover for the fact that they need an excuse to steal from the people and hide their raw lust for wealth and political power.

 

Nah, I'm tired of trying to have a conversation with you.

 

Not farming of hemp for profit. It is a monopoly in some states.

 

Like utility monopolies? Conglomerate corporate monopolies, but with different names and the Hunt Brothers were Republicans...

 

Utility monopolies only exist because of state and local government's insistence and they can't do crap without the elected utility board's permission.

 

Stating facts is not "blatant racist hatred" except in your own deluded mind. I would go further than One Mind and say it wasn't the "children of white Europeans" but the children of white northern European Protestants that created the modern world, and not the Catholics, not the Latins, not the Slavs. Other ethnicities contributed, most notably Ashkenazi Jews, but they almost always did so in northern European countries and their colonies, the US, Canada, and Australia. You don't expect "all Muslims" to be responsible for the acts of terrorism committed by Muslims, so stop expecting all white conservatives to be responsible for the acts of terrorism committed by white nationalists. If communal guilt doesn't apply to Muslims, blacks, and Hispanics, it doesn't apply to white people.

 

So it's okay if I steal your stuff because your grandfather stole my grandfather's stuff? Give me your address so I can come get some stuff.

 

Two leftists arguing over how to destroy capitalism. Talk about inane. The only people with "unearned profits" are those on the government teat.

 

You mean one that has more in common with Mexico, but with Canadian-style laws?

 

Really? Like where? A lot of that is likely because of the Govt. massively regulations, licenses etc can force businesses out.

 

Isn't this sad? However, that's unfortunately what you are dealing with here. There are lots of self-proclaimed experts in economics on here who think they are experts because they can say "free market good, socialism bad". However, they don't have the slightest clue about macroeconomics.

I am by far an expert in economics, I have a degree in chemistry. But, EVEN I know what the term "rent seeking" means. You really have to lower your expectations in these debates.

Usually, I just like to point out their errors, especially when it comes to science, but it falls on deaf ears.

 

I live in Missouri where two permits are allowed, in Colorado there is twelve thousands acres allowed to anyone that wants to grow it are allowed.

 

Typically the right winger is reliant on soundbite. "Its supply and demand" is my favourite. They don't realise that supply and demand cannot be used to support their ideology.

But does it matter? Take Adam Smith. His egalitarianism (and understanding of labour power closer to Marx than Friedman) would make him a commie in their eyes. However, the economics doesn't really matter. The Adam Smith Institute feeds them with the required market fundamentalism.

 

Pure bigotry on display.

 

Apparently neither of you know what "rent seeking" means. It actually means the pursuit of advantage through government lobbying.

https://www.econlib.org/library/Enc/RentSeeking.html

Pursuing wealth through the free market isn't "rent seeking" at all, and I dispute the notion that there is any such thing as "excess profits". Can the consumer be screwed by the free market? Sure, whenever a limited number of sources of supply decide to jack up their prices for no good reason, like is happening with insulin today. But such efforts are always short-lived because competition and cheating become rampant whenever they do that. Saudi Arabia, at the time the largest supplier of oil and the main driver of OPEC, was cheating on the limits OPEC had imposed to drive prices up in order to gain at the expense of the other oil producing countries.

 

Government lobbying is one form of rent seeking.

Existence of government, on the other hand is not required for rent seeking. Look at, for example, what Intel has done to AMD. Using their superior financial power, Intel has paid off companies to not produce and sell computers with AMD processors. At the end, this increased profit for Intel, without actually having to produce a better product. That's the typical hallmark of economic rent: Additional profit from a price that is charged that is not based on market value, but rather on a unique positioning in the market to be the "only" provider.

In fact, it can be argued that a free market will ALWAYS have a rent seeking component, because in the limit of ideal competition, the profit of companies would go to zero.

As I said, I am not an economist, but this is my understanding of the issue.

 

That would properly be referred to as unfair competition. There are laws in different states addressing such practices already.

 

Democratic families usually don’t know who the father is.

 

We don't want your lame communist america...speak for yourself!

 

America wants a Modern America, not a Duck Dynasty America

Meaning men cutting off their penis and women sewing one on

And everone riding a bicycle instead of driving a car

And eating tofu instead of meat cause all the cows have neen shot to save the planet

The America that liberals want would be totally insane

 

The right represents a ruling oligarchy.

 

I agree somewhat with the right wing duck dynasty analogy. The problem is that you do not contrast this with the liberal Perspective. The liberal version of "modern America" is a quazi totalitarian police nanny state.

Not much to like about either Red or Blue Establishment.

 

Agreed. Both parties are playing the big money and lobbyist's game, while handing out crumbs to their constituents and playing them against each other on meaningless social issues. Divide and conquer.

 

What's your point? One of our conservative friends showed for anyone to see that he thought rent seeking had something to do with landlord-tenant relationships. You showed that you could google the term rent seeking. None of that instills confidence that our right wing friends have in-depth knowledge of macroeconomics. Actually, if they did, they wouldn't keep coming back for more supply-side, tax cut nonsense from the GOP.

 

Indeed this is true ...The problem is that it is true on a much deeper level than the vast majority are aware. Most have a general understanding that something is wrong with our political system ... the problem is that they don't have a good understanding of how incredibly corrupt and broken our system really is.