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> that consolidation isn't happening. Learn to read. I never argued that. I clearly attributed consolidation outcomes in the economy to collusion between Washi
by StandardFuture 5y ago
> that consolidation isn't happening.
Learn to read. I never argued that. I clearly attributed consolidation outcomes in the economy to collusion between Washington and Wall Street.
This is proven. Anti-competitive regulation i.e. regulatory capture is more prevalent than ever.
The most recent example of blatant anti-competitive collusion was the recent case of multiple Big Tech companies colluding against Parler. And the well-paid Wall street puppets in Washington did absolutely nothing about it and often publicly spoke up in favor of it. Pure & corrupt crony consolidation.
Your argument, like Marx, works in favor of crony capitalism because it creates a false dichotomy between "inevitable consolidation" for a top few elite OR complete radical revolution destroying everything and starting over. The purpose of a false dichotomy being of course to obscure the actual truth which is that consolidation of the economy does not occur from a free market but only occurs from corruption, bureaucracy, and anti-competitive tactics.
It's pure idiocy. Full stop.
Go read some Von Neumann and Nash and educate yourself about actually likelihoods of outcomes.