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Because competition requires capital investment to be better than the competition. Capital investment reduces what can be taken as profit. Profit should be abov
by burnte 11y ago
Because competition requires capital investment to be better than the competition. Capital investment reduces what can be taken as profit. Profit should be above all else, so therefore huge corporations have an incentive to encourage regulations that prevent competition. It's pretty much the exact opposite of what Ayn Rand thought would happen, despite the fact that it's a glaringly obvious conclusion.
Government regulations and business are both part of an ecosystem we call "the economy." In order for that ecosystem to be healthy, we must balance regulation and business, because when one is too powerful, the economy stagnates causing problems like we had in the Great Recession. We let banks get too big, and they fell on us. Water monopolies always fail. Always.