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URL:  http://boards.fool.com/tabs101-that-in-a-voluntary-trade-where-both-30231192.aspx

Subject:  Re: Week 4- Friedman's Capitalism and Freedom Date:  8/29/2012  3:40 AM
Author:  Radish Number:  23721 of 23782

tabs101,

That in a voluntary trade where both parties are informed, each side walks away better off.

Or at least each side thinks it is better off (otherwise, obviously, they wouldn't do the trade). They might not actually be.

In addition, government can play a role making sure that monopolies do not develop

Is there any proof that in a true free market monopolies actually can develop? Or in real life does a temporary monopoly merely attract competition until the monopoly doesn't exist anymore? And while government can play such a role, is that ever a positive thing? The US government's role in purportedly preventing monopolies certainly has sweeping negative effects.

Plus the US government actually creates many monopolies on purpose. Which really leads one to wonder what justifies simultaneously attempting to (again, purportedly) prevent them.

Phil
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