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'Capitalism itself is decentralized allocation of resources' So long as you keep monopolies and abuse of power in check, in the past 30 years we have gone from
by ClumsyPilot 5y ago
'Capitalism itself is decentralized allocation of resources'
So long as you keep monopolies and abuse of power in check, in the past 30 years we have gone from a dozen conpetitors to like 2 or 3 player cartel in many industries
- Sprocklem 5y agoNotably, this is the result of a failure in our (necessarily) centralized anti-trust system. In the past 30 years, the government has been reticent to pursue anti-trust cases against the growing number of monopolies/oligopolies. Without the centralized regulation of decentralized system, they seem to consistently centralize around a few key players to the detriment of the system.