> For me the biggest flaw in capitalism is that it tends to concentrate wealth over the long term, which in turn undermines the "wisdom of the crowd" principle

> For me the biggest flaw in capitalism is that it tends to concentrate wealth over the long term, which in turn undermines the "wisdom of the crowd" principle market systems are based on by concentrating buying power in relatively few people. Indeed! Related, my pet-peeve, is that consolidation eventually leads to monopolisation: concentrating selling power to relatively few companies. The current growth model of most tech-companies hinges on the monopolisation almost entirely. Free markets have organisations and systems in place to protect against that; which clearly shows that a free market -in its current state- cannot operate effectively without outside intervention. These orgs are only now moving against the 20-th century monopolies, and doing so too late and too little (IMHO). But, another clear flaw in capitalism and free markets, patched with centralised, planned governments intervening in those markets.