Alabama farmer sues John Deere for ‘right to repair’

Post by toolz » Mon, Jan 24, 2022, 3:10 AM UTC

danny_codes wrote: post #114

toolz wrote: post #103

Earlier quoted context omitted.

These claims, while they might have some or even a lot of merit are demonstrably false (as they are made seemingly without exception or nuance). There is a very healthy and active black market, for example among plenty of other examples. It seems rather disingenuous to make such fantastically bold claims as statements of understood fact. I can't imagine what sort of dialog you were hoping to encourage.

Do you have any economic source or model that supports this claim? Economic orthodoxy, in all cases I've ever encountered, do not support your claim.

Post by throwawaylinux » Mon, Jan 24, 2022, 3:32 AM UTC

pessimizer wrote: post #91

dvt wrote: post #78

Earlier quoted context omitted.

> Sometimes we need regulation, otherwise bankers would crash the economy while getting bailouts with taxpayer money... I honestly can't tell if this is meant to be satire.

Bailouts aren't regulation, they're what happens when people are allowed to make messes that they aren't responsible (either through lack of ability or purchased privilege) for cleaning up.

Post by sithlord » Mon, Jan 24, 2022, 3:50 AM UTC

heavyset_go wrote: post #97

rafale wrote: post #45

John Deere will just claim they never sold him a tractor, but rather signed a custom contract with him that gives him access and custody of one in return of some constraints he agreed upon. If the government intervenes, it would undermine the free market. But you could argue it's already undermined, both by the government itself and the fact that somehow John Deere managed to achieve a monopoly in a sector critical t…

> If the government intervenes, it would undermine the free market. The "free market" without regulation is mythic ideal that's never actually existed. Regulations are necessary to maintain healthy markets, and markets rely on states to enforce the terms that make trade and markets possible.

Post by jlcoff » Mon, Jan 24, 2022, 3:57 AM UTC

rafale wrote: post #45

John Deere will just claim they never sold him a tractor, but rather signed a custom contract with him that gives him access and custody of one in return of some constraints he agreed upon. If the government intervenes, it would undermine the free market. But you could argue it's already undermined, both by the government itself and the fact that somehow John Deere managed to achieve a monopoly in a sector critical t…

Post by jlcoff » Mon, Jan 24, 2022, 4:00 AM UTC

Diesel555 wrote: post #105

heavyset_go wrote: post #97

Earlier quoted context omitted.

> If the government intervenes, it would undermine the free market. The "free market" without regulation is mythic ideal that's never actually existed. Regulations are necessary to maintain healthy markets, and markets rely on states to enforce the terms that make trade and markets possible.

I wish more people understood that markets include government regulation to ensure they operate in a competitive way. In a competitive market there must be so many buyers and sellers so that each has a negligible impact on the market price [1]. Obviously governments try to prevent monopolies to uphold this assumption. Regulation must also prevent market failures. Such failures occur with externalities. The most famou…