Path: utzoo!attcan!uunet!nuchat!sugar!ficc!jeffd
From: jeffd@ficc.uu.net (jeff daiell)
Newsgroups: comp.misc
Subject: Re: Dram Prices...
Summary: comment
Message-ID: <2738@ficc.uu.net>
Date: 14 Jan 89 11:46:14 GMT
References: <18814@agate.BERKELEY.EDU> <6175@ecsvax.uncecs.edu> <23910@apple.Apple.COM>
Organization: Ferranti International Controls
Lines: 46

In article <23910@apple.Apple.COM>, desnoyer@Apple.COM (Peter Desnoyers) writes:
> 
> Since it is obvious by inspection that dumping can exist in certain
> markets (to give a blatant example, look at how Bell drove many early
> telcos out of business) the response should be to recognize that these
> markets are imperfect, and look for realistic solutions rather than
> re-iterating the same tired neo-classical dogma.


(1) With the rampant intervention of politicians and bureaucrats into
    the economy, it is scarcely accurately to call current dumping a
    result of market forces.  Besides, even if it were, why gripe?
    Doesn't dumping reduce prices for consumers?

(2) Bell had a lot of governmental help in establishing its monopoly.
    I believe there were at least two cases of Uncle Sam going to
    court and *forcing* companies to merge with Bell.  Also, Bell
    has been know to hit competitors with antitrust suits when they
    challenge too strongly.  Ask GTE.  (Nor is this by any means
    an uncommon example of the antitrust laws being used by a 
    giant against a smaller firm.)

(3) These 'realistic solutions' tend to create rampant inflation,
    vicious recessions, growing inequality between rich and poor,
    etc.  Societies which move more toward  'the same tired
    neo-classical dogma" not only grow more propserous, but see 
    that prosperity more evenly distributed.  When one looks at
    the entirely of Human history, one sees that it is the
    authoritarians who are the conservatives and reactionaries,
    and the marketeers who are the radicals.

Laissez faire, laissez passer.


Jeff Daiell



INDEPENDENCE FOR TEXAS!



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