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Monopoly was invented to demonstrate the evils of capitalism (2017)

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Re: Monopoly was invented to demonstrate the evils of capitalism (2017)

#181
Also check out Ralph Anspach's "Anti-Monopoly". There's a book about the huge lawsuit it caused, and it's an amazing story!

http://www.antimonopoly.com/

>Anti-Monopoly – a board game with a twist

>This game may look familiar, but don't be fooled – it's a real estate trading game with an exciting twist! Players choose free enterprise or monopoly, then play under different rules. Competitors charge fair market value while monopolists take over whole neighborhoods and jack up rents. In real life, monopolists have an unfair advantage. But in Anti-Monopoly, competitors have a fair shot at coming out on top!

Parker Brother's Billion Dollar Monopoly Swindle

https://www.amazon.com/Billion-Dollar-Monopoly-Swindle/dp/09...

https://en.wikipedia.org/wiki/Ralph_Anspach

https://en.wikipedia.org/wiki/Anti-Monopoly

>Anti-Monopoly is a board game made by San Francisco State University Professor Ralph Anspach in response to Monopoly.

>Background and history

>Anspach created Anti-Monopoly in part as a response to the lessons taught by the mainstream game, which he believed created the impression that monopolies were something desirable. His intent was to demonstrate how harmful monopolies could be to a free-enterprise system, and how antitrust laws work to curtail them in the real world.

>The game was originally to be produced in 1973 as Bust the Trust, but the title was changed to Anti-Monopoly. It has seen multiple printings and revisions since 1973. In 1984, a new version appeared as Anti-Monopoly II; this version was updated and re-released in 2005 without the numerical designation. The game is currently still in print, and is produced and distributed worldwide by University Games.

>Trademark lawsuit

>See also: History of the board game Monopoly (Anti-Monopoly, Inc. vs. General Mills Fun Group)

>In 1974, Parker Brothers sued Anspach over the use of the "Monopoly" name, claiming trademark infringement. While preparing his legal defense, Anspach became aware of Monopoly's history prior to Charles Darrow's sale of the game to Parker in 1935, and how it had evolved from Elizabeth Magie's original Landlord's Game into the version Darrow appropriated. Anspach based his defense on the grounds that the game itself existed in effectively the public domain before Parker purchased it, and therefore Parker's trademark claim on it should be nullified. The case dragged on for ten years,[1] with numerous appeals and overturned judicial verdicts, until Anspach and Parker ultimately reached a settlement, permitting him to continue using the name Anti-Monopoly and distributing the game.[2]

>For a time during the dispute, the game was marketed as simply "Anti."

How a Fight Over a Board Game Monopolized an Economist's Life

https://www.wsj.com/articles/SB125599860004295449?mod=rss_US...

The Story of Class Struggle, America's Most Popular Marxist Board Game

https://www.mentalfloss.com/article/58318/story-class-strugg...

Re: Monopoly was invented to demonstrate the evils of capitalism (2017)

#182

Earlier quoted context omitted.

No, it's not dependent on chance. It's not some random spin on a roulette wheel. It depends on if you are offering a service that is valued by the marketplace. There may be only so much time in a day, but the critical factor in wealth creation is how much you can get done in a day (productivity). You can also figure out clever ways to get more out of what you have (efficiency).

>> It depends on if you are offering a service that is valued by the marketplace And who decides what is valued by the marketplace? It's: - Politicians through regulation. - The Federal Reserve Bank by continuously creating new money out of thin air. - Banks by deciding who can get the newly printed Fed money through loans and who can't (typically based on the value of assets which individuals already have; the resul…

All of the mechanics available to the Fed and Politicians are large imprecise tools. Regular people still have unmet needs and successful businesses are still started all the time to meet those needs.

Re: Monopoly was invented to demonstrate the evils of capitalism (2017)

#183

Earlier quoted context omitted.

[flagged]

What is all your point getting at? I mean don't you have already in USA public schools,roads, parks, firemen, police ? You can have your private bodyguards if you like, your private teachers etc. Do you think say firemen should go and only stop fire if you have insurance and if you are poor you should just burn? If not then why should a poor person have no health care , a rich dude can pay for private hospitals and d…

> don't you have already in USA public schools,roads, parks, firemen, police

Sure. That has nothing to do with Socialism. There's nothing wrong with paying reasonable taxes to build and support an infrastructure that is of benefit to all involved.

The healthcare problem in the US is grotesquely misunderstood. It has NOTHING to do with insurance (private and otherwise) and everything to do with stuff politicians have done to us over the years.

Look, I work in aerospace. If I don't analyze things down to the real root causes of failures things go boom or worse, people die. And so I tend to look at problems with this perspective.

If you analyze the healthcare problem in the US to identify root causes the last thing you are going to have on your list (if at all) is insurance. It is as irrelevant as can be.

What's on the list?

I'll list three, in no particular order of importance:

- Government involvement in student loans

- Tort reform

- Federal and State regulatory burden

The US government is involved in guaranteeing student loans, which creates a situation where universities can charge insane amounts of money for their product. Even worse, universities make these loans accessible to kids without consideration to what it will mean for their lives and society in general.

If a doctor graduates with a nice new degree and $300K or more in debt, he or she is not going to be able to work for what I will term a "reasonable wage". Starting life with that much debt pretty locks people in to having to charge large amounts of money for their time and services.

No imagine an operating room where each person has student debt in the range of $300K and more. That surgery, I don't care what it is, is going to be very expensive. Add to that the debt every single person in that hospital has to face and you'll get the picture.

At a first level of inspection, the involvement of government in student loans has created a situation where the cost of medical care has increased to ridiculous levels over time.

The solution isn't to spend unobtainable amounts of money to offer free education. The solution is for government to get out of that business and allow the free market to force universities to compete.

If a doctor graduates with $100K or less in debt they, in theory, medical care costs would drop by 66%. They would be able to have a similar standard of living and charge 2/3 less for their services at the same time. That is a HUGE improvement all by itself.

Tort reform is another huge issue. This one affects the entire chain of participants in the healthcare industry. In the US you can sue anyone and everyone for anything that might happen in the course of receiving medical care. In fact, if, as an example, there's problem with care and a lawsuit is filed, they will sue everyone from the doctor to the hospital, equipment providers, suppliers, etc. They will go as far and wide as they can.

This means everyone in the chain has to have very expensive insurance to protect themselves. I know doctors who pay tens of thousands of dollars per year for this kind of insurance. My wife is a doctor, so we get to experience these realities first hand.

Once again, this imposes minimum costs that have to be covered by what you charge for your services. And the cost is high. Not just in terms of what you have to charge but what you have to do.

It is very common for US doctors to run a bunch of unnecessary tests. One of the fears is that if you don't and, for whatever reasons, a lawsuit is filed, you could be exposed to career-ending liability because you did not run the patient through every possible test in the universe.

These things increase the cost of healthcare by an unknowable factor. Let's just say it is not insignificant. If we fixed this problem healthcare costs would come down. Drug companies are exposed to multi-billion dollar liability. Again, someone has to pay for these costs, and that someone are the patients.

Finally, regulatory burden. I wanted to develop a simple medical device to help people with what's known as "Single Side Deafness" SSD. This is a case where a person can only hear from one side and is deaf on the opposite side. From a technical perspective, giving them the ability to hear something from the deaf side is easy: microphone on one side, earpiece in the other ear, bring some of the sound across, done.

Well, I very quickly discovered that the cost to get such a device through regulatory testing and approvals was very easily in the tens of millions of dollars, if not a hundred million+. This is why hearing aids cost thousands of dollars and other medical supplies and equipment can be so expensive. Drug makers spend billions of dollars on the regulatory burden.

Once again, these costs have to be paid by someone, that that someone are the patients.

Nobody is proposing we eliminate all regulation but, if we truly care about universally available healthcare we have to look for ways to make these costs a rounding error rather than something that has an entrepreneur like me say "forget it, I'd rather put my money in to making websites people click for money". That's just reality my friend.

And so, if you read all of this, got here and stop to think a bit, you should come to the conclusion that insurance isn't on that list because it likely does not belong there, at least not as a major cost driver. It is almost irrelevant. Address the above three (and there are more, of course) and the cost of healthcare in the US (as well as private insurance) will absolutely plummet.

The people pushing stuff like "Medicare for all" are pushing a fantasy not rooted in reality and one that has truly evil side effects (read my other answer on the subject). They push this fantasy because the lie is far easier to sell than speaking about the truth and the hard work we have to do in order to solve the problems I listed here as well as other issues.

A politician's objective is to gain votes, not to solve problem. In order to do that they have to win a beauty contest, not an intellectually sound argument. They use every trick in the book they lie, they misrepresent and they propose crazy stuff that no informed voter would ever support. And they do this because they know that the vast majority of voters operate at a basal level and virtually none of them are going to engage in this kind of analysis or the thought require in order to understand if what they are saying aligns with any objective reality.

I hope you got this far and actually stop to think. Don't attack the messenger, address the argument. What I said above is based on root cause analysis of the US healthcare system and it is as near to irrefutable as I can get given the resources available to me.

Re: Monopoly was invented to demonstrate the evils of capitalism (2017)

#184

Earlier quoted context omitted.

No, it's not dependent on chance. It's not some random spin on a roulette wheel. It depends on if you are offering a service that is valued by the marketplace. There may be only so much time in a day, but the critical factor in wealth creation is how much you can get done in a day (productivity). You can also figure out clever ways to get more out of what you have (efficiency).

>> It depends on if you are offering a service that is valued by the marketplace And who decides what is valued by the marketplace? It's: - Politicians through regulation. - The Federal Reserve Bank by continuously creating new money out of thin air. - Banks by deciding who can get the newly printed Fed money through loans and who can't (typically based on the value of assets which individuals already have; the resul…

Regulation is a reaction to demand, it's not what creates demand. We can debate about the pros and cons of regulation, but that is quite a tangent. Certainly some businesses are prohibited by the existence of stringent regulations. Certainly regulations make it more expensive to start a business in certain industries. But they do not determine what the market wants.

The Fed also doesn't create demand for products and services. That demand is there, all the time. Right now there is latent demand in the marketplace to extend the human lifespan to 1000 years if possible. There's demand to travel at the speed of light or faster. Whether or not these things are even possible is completely independent of the demand for them.

It's also quite absurd that on the tail end of a decade of a start up boom in the tech industry that you would assert that all these factors make it impossible to succeed today. We are on Hacker News, a site powered by YCombinator, an incubator and investor that has helped make it possible for hundreds of companies to succeed that you claim is impossible. The combined valuation of the top YC companies was over $155 billion as of October, 2019. None of these companies existed 15 years ago.

Re: Monopoly was invented to demonstrate the evils of capitalism (2017)

#185

Earlier quoted context omitted.

Usually people don't pass up the chance to buy property though. It's not that there's a house rule against the auction, it just never comes up unless you have someone who is already losing badly that lands on a space that has somehow not already been snapped up.

Right, that goes back to my original comment: >there is an element of strategy in Monopoly (or can be, if you take the time to learn it). Buying every property you land on immediately from the bank for listed price is not an optimal strategy.

Other than maybe the utilities, when is it not advantageous to buy a property you land on? Until an opposing monopoly exists, there is a net positive value to each turn, so you have plenty of resources and if all you do is deny the property to someone else, you essentially get it at 50% discount by mortgaging it.

Re: Monopoly was invented to demonstrate the evils of capitalism (2017)

#186
Think of the WWW as a Monopoly board. Except unlike the board game the first move involves no roll of the dice. The class of players known as users always start the game on the same certain properties, owned by a small set of players known as Google, Amazon, etc. Microsoft used to have a marketing slogan to address the growing presence of the internet: "Where do you want to go today?" The question we should have is, "Why does Microsoft need to know?" Why do these companies need to know what we are going to do next? In the WWW monopoly a small set of players collect rent from nearly every user and strive to know every users' next move. It may be through the control of websites or devices, or both. As they say, the game is rigged.

Re: Monopoly was invented to demonstrate the evils of capitalism (2017)

#188
post #10

Monopoly teaches people a view of economics being a zero-sum game and too many people learn the wrong lessons from it. Real life isn't a zero-sum game.

I'm not sure about the non-zero sum economics models anymore. Physics says that the planet is finite, so much of the "wealth creation" is little more than changes in perceived valuation. And while a lot of people have a lot more $ and things like iphones, most people have less land, more polluted oceans, and many other things that may turn out to be move valuable in the long run than those iphones.

On the land thing, one of my grandfathers had close to 500 acres of farmland. Today I could barely pay the taxes on that land if it was still in the family. But its not, instead there are a couple dozen families living on smaller 20 acre plots.

Re: Monopoly was invented to demonstrate the evils of capitalism (2017)

#189

Earlier quoted context omitted.

You're confusing your hypothetical personal success with the state of the system as a whole. Most businesses will fail, and most businesses are built on loans of some kind rather than bootstrapped. Rent-seekers will try to profit from this because they will claw back their "investment" in the form of collateral - preferably physical, but IP as a last resort. If businesses succeed, rent-seekers will profit from their…

Wow, that's really depressing. I thought hard work and good ideas were important and valuable contributions to society.

The mathematical description might be "necessary but not sufficient".

Re: Monopoly was invented to demonstrate the evils of capitalism (2017)

#190
post #186

Think of the WWW as a Monopoly board. Except unlike the board game the first move involves no roll of the dice. The class of players known as users always start the game on the same certain properties, owned by a small set of players known as Google, Amazon, etc. Microsoft used to have a marketing slogan to address the growing presence of the internet: "Where do you want to go today?" The question we should have is,…

Microsoft were certainly the first movers, but they only owned the stations. Muppets.

Amazon, Google, Facebook moved in and bought almost all the properties.

Apple are doing very well from owning the purples.

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