Earlier quoted context omitted.
> That makes no sense. If all participants cannot influence the price, then where does the price come from? You are assuming that the dynamics of an economic system is nothing but a summation of the individual dynamics. This assumption excludes the possibility of the emergence of complex structures from simple individual behaviors. I strongly suggest you take a look at the subjects of Complex Systems[1] theory, Nonli…
What you write is not an argument against what I wrote, and you make incorrect assumptions about what I'm assuming. You yourself talk about the possibility of the emergence of complex structures from simple individual behaviors . In other words, you acknowledge that it is the individual behaviors that are necessary for the complex structures to exist. There may not be a simple linear relationship between the individu…
Monopoly pricing and price fixing are not any of the individual behaviors necessary to get a market price, and that's all I was arguing.
In the absence of monopolies and cartels, market prices will emerge from individual behaviors, without any one individual having the power to set the price.
> a competitive market is a meaningless phantasy that cannot possibly exist.
If competitive markets don't exist empirically, that's not a flaw in the theory of Classical economics, it is merely a symptom of corrupt culture and politics. It means we don't really have a free-market system---
What we have today is more akin to Mercantilism. And with income inequality increasing at an accelerating rate, our society will soon devolve back into Feudalism.
> Your attempted counter-argument...
My argument isn't with you. My argument is strictly anti-monopoly and pro-competition.