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The Marxist brigade? Even a pro capitalist should be against increasing wealth inequality. A healthy market has plenty of competition and competition reduces p
by lovich 8y ago
The Marxist brigade? Even a pro capitalist should be against increasing wealth inequality.
A healthy market has plenty of competition and competition reduces profits. If the vast majority of wealth gets concentrated into relatively few people then that indicates a lack of competition and leads to inefficiencies.
Every billionaire or mega corp is a market failure
- s2g 8y agoThe "market" inevitably leads to conglomeration and monopolization. It's the natural state for the bigger entities to devour the smaller weaker ones and grow.
- lovich 8y agoThat's the reality of an in perfect market, but it's not something that anyone other than the owners of the large companies want