3 ms·
You post is not coherent with the one you are replying to. Without government setting the rules, capitalism leads to monopolies, like it did with standard oil.
by ClumsyPilot 4y ago
You post is not coherent with the one you are replying to. Without government setting the rules, capitalism leads to monopolies, like it did with standard oil.
The bigger company can kill all competition despite having inferior product with unfair practices such as - Dumping, market manipulation, self-dealing, wash trading, antitrust, insider trading, collusion, cartels, negative externalities, anticompetitive practices, misinformation, corporate espionage, etc.
If you take off the last remaining government safeguards, you will not have more competition. You will have monopolies for good we need to survive.
We will arrive at neo-feudalism.