Mosaic named in lawsuit alleging price-fixing

  • Article by: CHRIS SERRES , Star Tribune
  • Updated: September 11, 2008 - 11:21 PM

The Plymouth firm was among fertilizer companies from Canada to Belarus accused in a federal suit of collusion in the potash market.

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BarryBenSep. 12, 08 1:25 AM

Why is it that Whenever you look under a so-called Free-Market Business-Model's Rock, there's usually something underneath it that looks like Collusion or Potential Monopolistic tendencies. Free Marketers are soooooooo willing to promote this unbridled, Wild-West, Free-For-All competition, and yet when given the chance to actually operate such so-called free markets, they usually want some benefits from the government or scheme to rig the system so that it is mostly in their favor. Now, Airlines,Banking and the Cable aren't perfect examples, but look what's happened to all of these Industries and Business Models once Regulation was eliminated.

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Scott1Sep. 12, 08 5:19 AM

Why is it that some people decide the case based on one newspaper article. This lawyer says they have no proof -- he just has some client with a failed business and he wants someone to blame. Someone with money.

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pfbramSep. 12, 08 3:10 PM

There is no such thing as "free-" anything, according to the laws of physics most things are ultimate zero-sum games. So by "free-" they mean free from democratic or regulatory input. The crux of the problem is that while we like to imagine ourselves as a democracy (technically a Constitutional Republic), our economic system has nothing to do with democracy at all. We're not born with equal resources, inheritances, a shot in life. Some industries are inherently monopolistic, some seem to trend that way by themselves. And many modern products today are so complex (requiring the input of many other industries, many specialists, etc.) that there is no realistic way for a new startup to compete. From my own studies as an undergraduate, I think the true libertarian "free market" ended around the neolithic period in Europe, when labor division, division of wealth and power, etc. began to really kick in. But I'd LOVE to see the regulators take on the real estate companies, developers and speculators for price-fixing. Not in our lifetimes, I imagine. But it should be pretty obvious to anyone that vacant stripmall after stripmall could be filled with small businesses if the price was right, and residential real estate wasn't priced so high. But they're kept empty, to drive up prices. Are the feds asleep on that one? If so, why?

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