"If any business attempts to charge prices higher than the market will bear, he will lose all his business to his competition, since he cannot force his competi

"If any business attempts to charge prices higher than the market will bear, he will lose all his business to his competition, since he cannot force his competition out of business." This seems dated in our modern world. Of course you can force your competition out of business if you're big enough. It's even easier if you're willing to use some dirty tricks. It's also sometimes impossible to compete in some modern industries like software. I can't simply sell a cheaper version of Windows -- only Microsoft can sell Windows. It's not as simple as going to the shoppe to pick from different brands of top hat. They're basically the same thing so they can compete against each other directly. Capitalism is great for soft drinks and tennis shoes but I'm not convinced it's the best choice for everything.