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Your theory is absolutely correct but in practice the corporations and government represent a very substantial concentration of power and resources in the contr
by Synaesthesia 11y ago
Your theory is absolutely correct but in practice the corporations and government represent a very substantial concentration of power and resources in the control of very few, plus they are allied with each other. Government often helps large corporation via bailouts, tax breaks, subsidies etc. and large corporations inform government and even fill it's ranks. Essentially we have a system of state capitalism not laissez-faire capitalism. This makes it very difficult for small companies to compete freely in an open market.
- UK-AL 11y agoBut you can't blame this on capitalism, on stuff that isn't capitalism.
- Synaesthesia 11y agoNo I blame it on "state capitalism" which is the dominant economic ideology today.