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Old 06-14-2007
Ambiguous Ambiguous is offline
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Member Since: Jun 2007
Location: my own hell
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Re: Economic theory and politics.

Quote:
Originally Posted by liberty1776 View Post
Many sellers? There is one seller of defense: the military. With whom does the military compete? If there are many sellers, who else can I chose to defend me? And, there are many 'buyers' of defense; I'd say about 300 million.

So, I am confused by what you are saying.
Ah, I misunderstood. Another way to put it is to say the military -- or more appropriately, the government -- has a monopoly on the use of force.

I was talking about it from a different perspective where there are many sellers of equipment (defense contractors) but only one buyer for their products (the military).

I guess you could say the military/government is in the unique position of being both a monopoly and a monopsony. In either case I think it shows that extremism is most readily possible through government. It gets to play the game as well as set the rules. Fun combination.
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