The argument that you are making is that a single entity controlling the pricing of a good is bad. That's not a counter-argument, it's the same argument. It's bad when a government does it, it's bad when an oligopoly does it. More than one thing can be bad.

No, the argument I an countering is that since oligopoly is bad, government control would fix it. It has NEVER fixed it. Only more free market could.

My local power company is a monopoly with rates heavily regulated by the state. My electricity is cheap and reliable.

Newsflash: anything can be done badly. Cherry-picking the worst examples proves nothing.

Well let's see, the Russian market collapsed primarily because of sanctions. The Venezuelan market also collapsed primarily due to sanctions. And of course the Cuba market collapsed primarily due to sanctions.

It seems to me that the US and other nations locking these countries out of the global market has been a pretty major factor in their current economic situation. Do you disagree? I'd also posit that it might be the case that an autocratic takeover in each of these nations has negatively impacted them.

Also in some tribes in south America - checkmate!

If you can’t be intellectually curious why even be on HN?

Strawmanning like this may make you think you’re clever but it signals to the “average person” that your mind is made up.

I don’t read articles here because my mind is made up but because I like considering different points of view and data. Maybe start with that spirit next time?

Redbaiting is SO 1950s

Redbaiting in 1950s turned out to be absolutely right thing to do, as latest unclassified documents showed. The problem is that now huge amount of us population live in the capitalism but preach socialism, even though there’s quite good choice of leftist countries where they can migrate to.

> The problem is that now huge amount of us population live in the capitalism but preach socialism, even though there’s quite good choice of leftist countries where they can migrate to.

You got me. https://thenib.com/mister-gotcha/

I’m not sure you understand so I’ll go slow. If one US company owns all of one thing it’s bad. Mmmkay?

If the government owns all it is FAR worse. Intel used to be a monopoly in practice. Now it’s not. The manufacturer of CPUs in USSR though never ceased to be the one and only. Is it dumbed enough for you to understand?