Hacker News Books

40,000 HackerNews book recommendations identified using NLP and deep learning

Scroll down for comments...

All TimePast 6 Months
Prev Page 4/4 Next
Sorted by relevance

fidelramosonMay 17, 2021

I think you confuse free market with "no rules, everything is allowed", which is not what I am proposing. Those monopolies you mention in the abstract are largely possible because laws make it much more difficult than it could be for competitors to arise. In a free market most monopolies are unstable and don't last long. Milton Friedman's Capitalism and Freedom and Thomas Sowell's Basic Economics both have chapters dedicated to monopolies and how states are the main reason they can be sustained.

Negative externalities, like environmental damage, should ideally be internalized, although I grant that this is not always easy. Private ownership of all land might help, as public ownership dilutes responsibility.

> I think your view is extremely naive.

Isn't it interesting that I think the same about your view? :)

Built withby tracyhenry

.

Follow me on