4 ms·

What about bananas? Referring to banana republics.

• gnarbarian 6y ago
  Without competition it's easy to end up in a situation where a monopoly can accrue too much power and exploit their customers or their workforce. With sufficient economic freedom competition can arise naturally. Unfortunately when a company becomes very powerful You will start to see behaviors like rent-seeking, regulatory capture, and cronyism. These artificially raise the barriers to entry for plucky startups. This is more a reflection of poor or corrupt governance than capitalism though.
  • deleted 6y ago
    [deleted]