“Government is not the solution to the problem. Government is the problem!” - Ronald Regan
Many Buyers, Many Sellers
The Free Market, Socialism, and Monopolies: A Comparison
By Scott Rohter - January, 2011
The model for a thriving and healthy free market economy is:
Many buyers, Many sellers.
The first small step on the road to Socialism occurs when you reduce the number of sellers
competing in the market place. This reduces competition and ultimately leads to monopolies!
Then you have an economic system where there are:
Many buyers, Fewer sellers.
“Monopolism” is a corruption of healthy free market principles. It is a corrupt form of Capitalism.
Anything that reduces the number of sellers in the market place, or limits competition, is bad for consumers
and bad for the free market! One monopoly inevitably leads to another, and eventually “Monopolism”
leads to some form of State Socialism or Communism. Now you have an economic system where there are:
Many buyers, Only one seller. “The State”
In Socialism, or its “evil twin sister,” Communism, The State has a monopoly or near total control of everything, over every aspect of the economy and the society. Competition and the free market are eliminated all together! There is no more choice and the light of freedom is extinguished!
The Motto: "Buyers Beware"
Be very careful of the first little steps that you take to drive small entrepreneurs out of the market and out of business. These actions create the vacuum that is then filled by huge corporations, like Federated, Wal -Mart, and Google. For each of these huge corporations, there used to be hundreds or even thousands
of small, locally owned, American businesses, competing with each other
to supply the needs of the market place and individual consumers!
That was a thriving and healthy free market economy!
"A journalist has no better friend than the truth." - Scott Rohter