3 ms·
Capitalists do not necessarily like the competitive market aspect of capitalism ;)
by groestl 8y ago
Capitalists do not necessarily like the competitive market aspect of capitalism ;)
- devonkim 8y agoCorporatists tend to parade around as if regulations are what limit competition when they're the ones writing most of them to keep competitors (both large and small) at a disadvantage. Any sufficiently large and concentrated capitalist system becomes a corporatist system.
- grimbly 8y agoOf course, that's not REAL capitalism, because I, devonkim, say so. Reality be damned!
- conception 8y agoActually that's one of the big things people misunderstand about capitalism - it doesn't have to be competitive. Capitalism can, and does and wants to thrive in a monopoly. Capitalism and free markets are two different things and the latter is far more important though they are often conflated.
- groestl 8y agoAt least the Wikipedia article names competitive markets as central aspect of capitalism. I agree with your sentiment though. Companies are basically little bubbles of monopoly in a sea of free markets. But the optimal state for a company (and the owning capitalist) is no competition at all.
- jakemoshenko 8y agoI think that's a really efficient way to find a local maxima. In my opinion, companies need competition to drive continued innovation.
- diab0lic 8y agoMost companies aren't otimizing for innovations, they're optimizing for profits. If they desire innovation it's primary purpose is profit.