[ExI] Under the libertarian yoke

[Samantha Atkins]

On May 7, 2008, at 6:36 PM, Stathis Papaioannou wrote:

> 2008/5/8 Rafal Smigrodzki <rafal.smigrodzki at gmail.com>:
>
>> ### This is a *government cartel*, don't you know? To spell it out,
>> "OPEC ..... is  ....  a.... cartel .... of...... governments". Not a
>> cartel of oil companies.
>
> So how would you prevent a cartel of companies, or for that matter an
> oligarchy of companies that own everything and have an army of paid
> enforcers, not unlike the House of Saud?

How would this cartel of companies manage to keep all would be  
competitors from underselling them if they had no state power  
(legalized force) backing them up?  If they are truly charging more  
than costs plus reasonable profit (as defined by what any other  
producer would require) then they would open themselves to competitive  
pressure to change their position.

- samantha