A Deeper dive into Mamdani grocery stores...

These were all oligarchs and monopolists. Rockefeller was even found libel for his oil monopoly and had it broken up. Vanderbilt pretty much had a railroad monopoly. Morgan was the epitome of an oligarch.
None were oligarchs. An oligarchy is dictatorship by committee. It is a form of government.

People bought oil from Rockefeller because he provide what they wanted. Starting with the first oil wells in Pennsylvania, he used those profits to buy or develop other oil wells, refineries, and even a distribution system for his product. He had the right product at the right time for gasoline vehicles to become popular.
Poor culture and morality simply ignore laws and regulations oppressive or not. In the Soviet Union, for example, black markets were rampant. They became a major part of the economy. Where regulation and law in economics work is when they seek to level the playing field and keep players from cheating. When government starts putting its thumb on the scale, closed shop unions and huge licensing fees or requirements to participate like the medical and legal fields today as two examples, then it stops being a referee and starts being in a sense a bookie.
The free market is immortal. It cannot be killed, even when driven into a black market.
You have described the government influence well. It is GOVERNMENT getting involved in choosing winners and losers that is the problem.
Where a monopoly must or has to exist, it should be carefully and closely watched by government and the public in general. There will always be those that want to game the system to their enrichment. With infrastructure like you list, what often happens today is the developer or private business building something and needing those as part of their development put them in and then give them to government to operate in exchange for tax or other breaks to recoup the costs.
'Gaming' what system?

Government IS a monopoly. It is self sustaining by forcing people to pay through taxes. Such is communism, which is government ownership of markets.
 
None were oligarchs. An oligarchy is dictatorship by committee. It is a form of government.

Oh yes they were. Check out the election of 1896 and McKinley. Morgan, Rockefeller, et al., colluded and set out to buy the presidency. That is classic oligarchy if there ever was.



People bought oil from Rockefeller because he provide what they wanted. Starting with the first oil wells in Pennsylvania, he used those profits to buy or develop other oil wells, refineries, and even a distribution system for his product. He had the right product at the right time for gasoline vehicles to become popular.

Rockefeller also made every effort to put any competitor out of business, either by cash or force. He sought total control over the oil and gas industry. In doing so he could manipulate prices as he saw fit.
The free market is immortal. It cannot be killed, even when driven into a black market.
You have described the government influence well. It is GOVERNMENT getting involved in choosing winners and losers that is the problem.

Black markets only exist where the open market fails to satisfy demand. Government is the major creator of black markets by restricting open markets. Example: Prohibition.
'Gaming' what system?

An introduction to that turn of phrase:

Government IS a monopoly. It is self sustaining by forcing people to pay through taxes. Such is communism, which is government ownership of markets.

Yes, it is. But good government is one held accountable for its actions by the people it governs. In Ireland many centuries ago, it was customary for rulers--the government--to be put to the sword when it failed the people in some serious manner, like the crops failed or the like.

Communism collects and puts all power in the hands of one or a few who then use it to keep that power and ensure their own rule goes on forever if possible.

Monarchy is no different really. Today the most virulent monarchy is N. Korea where hereditary rule is in place and there is a single god-like ruler. Really no different than say a pharaoh or medieval king.
 
These were all oligarchs and monopolists. Rockefeller was even found libel for his oil monopoly and had it broken up. Vanderbilt pretty much had a railroad monopoly. Morgan was the epitome of an oligarch.


Pretty much.


Poor culture and morality simply ignore laws and regulations oppressive or not. In the Soviet Union, for example, black markets were rampant. They became a major part of the economy. Where regulation and law in economics work is when they seek to level the playing field and keep players from cheating. When government starts putting its thumb on the scale, closed shop unions and huge licensing fees or requirements to participate like the medical and legal fields today as two examples, then it stops being a referee and starts being in a sense a bookie.

Where a monopoly must or has to exist, it should be carefully and closely watched by government and the public in general. There will always be those that want to game the system to their enrichment. With infrastructure like you list, what often happens today is the developer or private business building something and needing those as part of their development put them in and then give them to government to operate in exchange for tax or other breaks to recoup the costs.
corporations used to be created sparingly and literally for causes the entire society needed.

now they's just a little extra paperwork so con men can perpetrate their schemes.
 
Oh yes they were. Check out the election of 1896 and McKinley. Morgan, Rockefeller, et al., colluded and set out to buy the presidency. That is classic oligarchy if there ever was.





Rockefeller also made every effort to put any competitor out of business, either by cash or force. He sought total control over the oil and gas industry. In doing so he could manipulate prices as he saw fit.


Black markets only exist where the open market fails to satisfy demand. Government is the major creator of black markets by restricting open markets. Example: Prohibition.


An introduction to that turn of phrase:



Yes, it is. But good government is one held accountable for its actions by the people it governs. In Ireland many centuries ago, it was customary for rulers--the government--to be put to the sword when it failed the people in some serious manner, like the crops failed or the like.

Communism collects and puts all power in the hands of one or a few who then use it to keep that power and ensure their own rule goes on forever if possible.

Monarchy is no different really. Today the most virulent monarchy is N. Korea where hereditary rule is in place and there is a single god-like ruler. Really no different than say a pharaoh or medieval king.
JP. Morgan only held 17% of jp morgan, the rest was owned by the Red Shields.

The red shields owned carnegie, rockefeller etc, too.

basically all the "self made industrialist" propaganda is a lie.
 
corporations used to be created sparingly and literally for causes the entire society needed.

now they's just a little extra paperwork so con men can perpetrate their schemes.
Wrong! Corporations have become the normal and usual way to set up a business because of lawyers and for no other reason.
 
JP. Morgan only held 17% of jp morgan, the rest was owned by the Red Shields.

The red shields owned carnegie, rockefeller etc, too.

basically all the "self made industrialist" propaganda is a lie.
laughter-short.gif
 
Oh yes they were.
None were oligarchs.
Check out the election of 1896 and McKinley. Morgan, Rockefeller, et al., colluded and set out to buy the presidency.
You can't buy the Presidency.
That is classic oligarchy if there ever was.
The United States was never an oligarchy.
You can't buy the Presdiency.
Rockefeller also made every effort to put any competitor out of business, either by cash or force. He sought total control over the oil and gas industry. In doing so he could manipulate prices as he saw fit.
He expanded his oil and refinery business. He did not put 'competitors out of business'. Some competitors sold their business to him. Those businesses continued under the new name. No business can just dictate prices. You are ignoring price discovery.

Black markets only exist where the open market fails to satisfy demand.
Black markets ARE open markets. They only exist where a government tries to quash the free market. It can't. It only makes them black markets.
Government is the major creator of black markets by restricting open markets. Example: Prohibition.
They try, but they cannot kill the open market. Black markets ARE open markets. See your local drug dealer for details.
An introduction to that turn of phrase:

Try again. Wikipedia is not a source. You are not Wikipedia. YOU define it.
Yes, it is. But good government is one held accountable for its actions by the people it governs. In Ireland many centuries ago, it was customary for rulers--the government--to be put to the sword when it failed the people in some serious manner, like the crops failed or the like.
So the king of Ireland was held accountable for its actions by the people he governed.
Communism collects and puts all power in the hands of one or a few who then use it to keep that power and ensure their own rule goes on forever if possible.
Redefinition fallacy.

Communism is government ownership of markets. It is a form of socialism. It can only exist through theft of wealth.

Monarchy is no different really.
Monarchy is dictatorship. An oligarchy is dictatorship by committee.
Today the most virulent monarchy is N. Korea where hereditary rule is in place and there is a single god-like ruler. Really no different than say a pharaoh or medieval king.
Correct. All three examples are dictatorships.
 
Wrong! Corporations have become the normal and usual way to set up a business because of lawyers and for no other reason.
In a way. true; but those lawyers were paid for by Karens.

Corporations provide several things that other business organizations do not:

* Ir provides a 'corporate veil', which means that if someone sues the corporation they cannot further attach any owner (stockholder) of said corporation, so long as the corporation conforms to the law.
* It is a convenient method of offering ownership shares to the public, so anyone can invest in that business. If the shares are not public, it provides a method of designating the distribution of shares among the owners, and how they can sell them or gift them to someone else.
* If provides a corporate constitution, which specifies how many share there are, whether the public can buy and sell them, what happens if the corporation dissolves, etc. This is often called the corporate charter.
* It provides a bookkeeping standard that allows all shareholders to understand what profit, if any, was made, and how it is to be distributed.
* Ir provides a tax entity. Taxes are paid out of the corporation directly, not by going through the owners. The owners pay their taxes on the profit they make when they sell their shares.
* It provides a common trust.

Type C is for large, publicly traded corporations.
Type S is for smaller, limited share corporations.
An LLC is one or a few individuals operating as a corporation.

Each has their own special accounting requirements and tax rules.

Subchapter S and LLCs are the most common type of corporations. Subchapter C are most noticeable, simply due to their size and complexity, and their publicly traded stock.

NONE are inherently evil. They are simply a way of organizing a business.

Corporations protect stockholders from personal lawsuits (typically filed by Karens). The Karen can only sue the corporation ittself.
 
In a way. true; but those lawyers were paid for by Karens.

Corporations provide several things that other business organizations do not:

* Ir provides a 'corporate veil', which means that if someone sues the corporation they cannot further attach any owner (stockholder) of said corporation, so long as the corporation conforms to the law.
* It is a convenient method of offering ownership shares to the public, so anyone can invest in that business. If the shares are not public, it provides a method of designating the distribution of shares among the owners, and how they can sell them or gift them to someone else.
* If provides a corporate constitution, which specifies how many share there are, whether the public can buy and sell them, what happens if the corporation dissolves, etc. This is often called the corporate charter.
* It provides a bookkeeping standard that allows all shareholders to understand what profit, if any, was made, and how it is to be distributed.
* Ir provides a tax entity. Taxes are paid out of the corporation directly, not by going through the owners. The owners pay their taxes on the profit they make when they sell their shares.
* It provides a common trust.

Type C is for large, publicly traded corporations.
Type S is for smaller, limited share corporations.
An LLC is one or a few individuals operating as a corporation.

Each has their own special accounting requirements and tax rules.

Subchapter S and LLCs are the most common type of corporations. Subchapter C are most noticeable, simply due to their size and complexity, and their publicly traded stock.

NONE are inherently evil. They are simply a way of organizing a business.

Corporations protect stockholders from personal lawsuits (typically filed by Karens). The Karen can only sue the corporation ittself.
In the end, corporations are all about lawyers interfering in the market.
 
Yes, lawyers are con men.
Some are, other are not.

You could very well thank a lawyer if some insurance company decides to welch and he makes them pay out what is owed on the claim; or protects your ass if some breaker you installed from a reputable company has a manufacturing defect you couldn't foresee and it caused damaged wiring.
 
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