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"Free market". The point of capitalism is gathering of capital and preferably making capital only by virtue of having said capital. Competition is for chumps
by p_l 4y ago
"Free market".
The point of capitalism is gathering of capital and preferably making capital only by virtue of having said capital.
Competition is for chumps who don't have enough capital to get rid of their competitors or form a cartel.
- t-writescode 4y agoCould you elaborate on what this conversation adds? When I said "works", what I should have said is "exists in a sustainable way that benefits the regular citizen". I would consider cartels and monopolies and similar to be capitalism "not working" - that is "bringing about harm to those under it". The assumptions we're taught in grade school about how capitalism breeds competition and competition means the customer wins only work when capitalism has reins on it to stop it from becoming a bunch of monopolies so that there can still be competition.