Natural Monopolies Don't Exist
Channel: LiquidZulu
Date: 2021-04-07

Why Monopolies Won't Form in a Free-Market [And How The Economic Calculation Problem Works]

I tried something different with the audio post-processing in this video, let me know what you think.

Below is the .org that I based this video on, it contains greater detail than this video, I strongly recommend you view it in emacs or doom emacs, I will also include my doom emacs config.

Org: https://github.com/LiquidZulu/youtube-scripts/blob/main/scripts/natural-monopoly/natural-monopoly.org

My doom config: https://github.com/LiquidZulu/.doom.d



In this video, I go over how the idea of "natural" monopolies is wholly unfounded in economics and is without any historic merit. This destroys the common criticism that anarcho-capitlaism (ancap) isn't truly anarchist.

As a generic case, one need only look to the Economic Calculation Problem, elaborated on by Murray Rothbard in "Man, Economy, and State, with Power and Market," in this video I go over a more basic rundown, aided by a hypothetical posed by @LearnLiberty in "What If There Were No Prices?" here: https://www.youtube.com/watch?v=zkPGfTEZ_r4
https://www.youtube.com/channel/UCFJNcE0iHj7P6dhp5iCZRLg

I also go over how the commonly cited worry of predatory pricing has not occurred in any case and how you would not expect it to either, due to numerous counter-strategies.

In the course of this video, I exonerate multiple condemned businesses, such as Rockefeller's Standard Oil, Vanderbilt's Steamboats, and Herbert Dow's chemical manufacturing firm. In contrast, I point to the many government monopolies the likes of the Dutch East India Company.



-- Chapters --

00:00 - Introduction
00:33 - What are Natural Monopolies?
01:33 - The Economic Calculation Problem
04:11 - Predatory Pricing
07:34 - Predatory Counter-Strategies
10:03 - Predation Is Competition
14:30 - Herbert Dow: Cartel Killer
16:49 - No Natural Monopolies Have Ever Existed
19:22 - Standard Oil
21:23 - Monopoly Pricing
22:12 - Vanderbilt
25:48 - James J. Hill
28:07 - Government Monopolies



-- Music (in order of appearance --

00:33 - Harris Heller - Trapped in Memories
01:33 - Your Best Friend Jippy - [PEJA] HOL UP
03:41 - Your Best Friend Jippy - Budjet Hallelujah
04:11 - Your Best Friend Jippy - 1ne for juju
05:32 - Harris Heller - Celestial Rewind
07:34 - $UICIDEBOY$ - HAIR
09:18 - Cypis - Gdzie jest biały węgorz
10:03 - Saxsquatch - One More Time
14:30 - Cowboy Bebop OST - Tank!
15:58 - HOME - Come Back Down
16:49 - HOME - This Will Pass
19:22 - HOME - Oort Cloud
21:23 - Your Best Friend Jippy - WERRDUP
22:12 - Your Best Friend Jippy - LIED TO ME
24:51 - Harris Heller - Bleeding Road
25:48 - Harris Heller - Drifted Wind
27:52 - Hari - Cheated On Once
28:07 - HOME - We're Finally Landing



-- Social media links --

http://liquidzulu.xyz
https://discord.gg/VY4XYrR
https://github.com/LiquidZulu/
https://soundcloud.com/liquidzulu
https://gab.com/LiquidZulu
https://twitter.com/LiquidZulu



-- See Also --

Thomas J. DiLorenzo, "The Myth of Natural Monopoly" https://www.youtube.com/watch?v=gm8ZJx_t7Oo
Tom Woods, "The Robber Barons and the Progressive Era" https://www.youtube.com/watch?v=-VA9VZeox3g
Thomas J. DiLorenzo, "Monopoly, Competition, and Antitrust" https://www.youtube.com/watch?v=HWAfwR_cZck
Milton Friedman, "Monopoly" https://www.youtube.com/watch?v=tdLBzfFGFQU
@CeaddaOfMercia, "The Economic Calculation Problem - (Austrian Econ Basics #3)" https://www.youtube.com/watch?v=CvQebeaYZHE



Title: Why Monopolies Won't Form in a Free-Market [And How The Economic Calculation Problem Works]

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