@AnarchoPapist Well, I *know* he's kinda full of it. But on this one teensy issue, maybe not?
@Nick_B_Steves @AnarchoPapist It's simple statistics. Wealth follows power laws. In a 300m people free-ish economy, billionaires likely.
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@i_contemplate_@AnarchoPapist OK, but how about free-ER? And besides, this doesn't address convincing king to fight your competitors thing. -
@Nick_B_Steves@AnarchoPapist Wealth doesn't go away due to competitors, only accruing and future income for the enterprise does. -
@i_contemplate_@AnarchoPapist Not saying competition makes wlth go away, it prevents the overwhelming accrual of mkt share to begin with. -
@Nick_B_Steves@AnarchoPapist Even libertarian economists agree that temporary monopolies are possible in a free market. -
@i_contemplate_@AnarchoPapist I don't doubt monopolies are possible or even desirable. Only that they (almost?) never'd be THAT profitable. -
@i_contemplate_@AnarchoPapist Creating a monopoly has a huge cost. Unless you get the King do some heavy lifting for you.
End of conversation
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