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Could 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 citiz
by t-writescode 3y ago
Could 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.