We don't want your same old song and dance!
BMO
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John Adams wrote:I have come to the conclusion that one useless man is called a disgrace, that two are called a law firm, and that three or more become a Congress! And by God I have had this Congress!
BigBallinStalin wrote:BREAKING NEWS!
BigBallinStalin has been charged with violating antitrust laws! He enjoys a monopoly status since BigBallinStalin is the sole producer of BigBallinStalin posts and other BigBallinStalin-related products, and he has aligned with the CC Mods in preventing other producers from producing BigBallinStalin products. Recently, he was caught post dumping--charging absolutely $0.00 for people to use his products. This promoted an unfair environment of competition. BigBallinStalin now faces fines up to $100 million and will either be nationalized or broken up. ConquerClub.com will be forced to allow other competitors to produce BigBallinStalin posts.
kentington wrote:BigBallinStalin wrote:BREAKING NEWS!
BigBallinStalin has been charged with violating antitrust laws! He enjoys a monopoly status since BigBallinStalin is the sole producer of BigBallinStalin posts and other BigBallinStalin-related products, and he has aligned with the CC Mods in preventing other producers from producing BigBallinStalin products. Recently, he was caught post dumping--charging absolutely $0.00 for people to use his products. This promoted an unfair environment of competition. BigBallinStalin now faces fines up to $100 million and will either be nationalized or broken up. ConquerClub.com will be forced to allow other competitors to produce BigBallinStalin posts.
If you pay me the fine I will prevent others from intruding on your monopoly. Gladly.
Also, I don't think many could actually compete with BigBallinStalin posts or related products. Sadly, they would be a husk of an imitation.
Alcoa said that if it was in fact deemed a monopoly, it acquired that position honestly, through outcompeting other companies through greater efficiencies. Hand applied a rule concerning practices that are illegal per se here, saying that it does not matter how Alcoa became a monopoly, since its offense was simply to become one. In Hand's words:
“It was not inevitable that it should always anticipate increases in the demand for ingot and be prepared to supply them. Nothing compelled it to keep doubling and redoubling its capacity before others entered the field. It insists that it never excluded competitors; but we can think of no more effective exclusion than progressively to embrace each new opportunity as it opened, and to face every new-comer with new capacity already geared into a great organization, having the advantage of experience, trade connections and the elite of personnel.”
Former Federal Reserve chairman Alan Greenspan criticized United States v. Alcoa as a young man in 1966, in an essay published in Capitalism: The Unknown Ideal. In it, he argues that antitrust law should only condemn coercive monopolies:
ALCOA is being condemned for being too successful, too efficient, and too good a competitor. Whatever damage the antitrust laws may have done to our economy, whatever distortions of the structure of the nation's capital they may have created, these are less disastrous than the fact that the effective purpose, the hidden intent, and the actual practice of the antitrust laws in the United States have led to the condemnation of the productive and efficient members of our society because they are productive and efficient.[1]
In particular, Greenspan singles out the following passage from Hand's opinion:
It was not inevitable that it should always anticipate increases in the demand for ingot and be prepared to supply them. Nothing compelled it to keep doubling and redoubling its capacity before others entered the field. It insists that it never excluded competitors; but we can think of no more effective exclusion than progressively to embrace each new opportunity as it opened, and to face every newcomer with new capacity already geared into a great organization, having the advantage of experience, trade connections and the elite of personnel.
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