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Businesses hate capitalism. Capitalism forces them to compete, and competition is hard. What they want is a restricted market that keeps out competitors and ent
by namlem 5y ago
Businesses hate capitalism. Capitalism forces them to compete, and competition is hard. What they want is a restricted market that keeps out competitors and entrenches their position.
- jessaustin 5y agoCapitalists (i.e., those who own the capital) hate competition. They love to buy regulations and other restraints of trade that keep out competitors and entrench their positions. This occurs in every capitalist society, everywhere, always. So, it's somewhat misleading that their philosophy pretends to value what they hate. I wish there were good terms for what we sometimes think we mean when we say "capitalism". "Free market" seems good, but the word "capitalism" often shows up in the definition...
- namlem 5y agoPerhaps "economic liberalism" is a more precise term for what I meant.