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A lot of people seem to confuse "capitalism" with "market economy". Once capitalists have established their position they hate market competition.
by maxxxxx 8y ago
A lot of people seem to confuse "capitalism" with "market economy". Once capitalists have established their position they hate market competition.
- Theodores 8y agoToo true and concisely put. The actual word 'competition' did not mean winner takes it all in the Ancient Greek flavour of the word, it has also been newspeaked by Capitalism. Originally there was some honour to competition. See also where the word 'agony' comes from: https://en.wikipedia.org/wiki/Agon https://en.wikipedia.org/wiki/Agon
- erik_seaberg 8y agoThe market decides how much to produce, capitalism scales up the best producers. Producers want monopolies but somehow we need to keep a flow of promising new producers launching so that doesn't happen, because it screws up the market (the monopolist produces less and takes more for it).
- nicoburns 8y agoOr we could regulate the market to not allow monopolies (and break up large businesses). We have laws for this, they're just not enforced.
- erik_seaberg 8y agoThe race is kind of pointless if we're just going to shoot the winners.