Game Theory, Live and Learn, Trust

Market Myths Destroyed

Stefan Molyneux, full fledged anarcho-capitalist and the founder of FreeDomainRadio.com has put together this well made video debunking the following four myths about the free market:

1. Monopolies will form in a free market
2. Firms will simply collude to raise prices in a free market
3. Big companies will drive smaller companies out of business with artificial predatory prices
4. Planned obsolescence, or companies will intentionally cripple or make poor products so you’ll have to buy more of them

I may not be an anarcho capitalist (although I am admittedly a bit sympathetic to it), but Stefan makes some very worthwhile points. Check out his youtube channel here.


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