Manfred comments on Politics Discussion Thread August 2012 - Less Wrong

0 Post author: OrphanWilde 01 August 2012 03:25PM

You are viewing a comment permalink. View the original post to see all comments and the full post content.

Comments (166)

You are viewing a single comment's thread. Show more comments above.

Comment author: Manfred 02 August 2012 12:02:19AM 1 point [-]

so is your claim that all industries are natural monopolies?

Well, interestingly, that's not all that far-fetched. Complicated features of production lead to non-convexity, which can break down proofs that the free market finds optimal solutions. To the extent that the real world is messy, there are lots of things out there that are qualitatively monoply-ish.