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Capitalism without fair competition is not capitalism. There needs to be rules and regulation to have a level field. Huge barriers to entry, monopoly, oligarchy
by swader999 5y ago
Capitalism without fair competition is not capitalism. There needs to be rules and regulation to have a level field. Huge barriers to entry, monopoly, oligarchy and so on all pervert capitalism. Currently, it's far far away from a good place.
- Devasta 5y agoHow is capitalism without competition not capitalism? The capitalist is served very well by it, earning huge piles of money.
- swader999 5y agoCompetition is a key tenant of capitalism. It doesn't optimize and serve society without it. It holds individual's and corporation's self interest to maximize profit in check.
- Devasta 5y agoCapitalism serves capitalists, any serving of society is a side effect of same and is certainly not intentional.