4 ms·
Antitrust enforcement—sadly out of favor compared to the 20th century—was specifically created to foster competition within the marketplace. It was rightly seen
by ttfkam 3y ago
Antitrust enforcement—sadly out of favor compared to the 20th century—was specifically created to foster competition within the marketplace. It was rightly seen as a bulwark against a wealthy, powerful player simply buying themselves a greater share of the market.
Monopolies are a consequence of capitalism but serve to choke out the engine of capitalism. A monopolistic (or oligarchic) environment is no different from a government-sanctioned planned economy where a few (or one) players set prices, decide the pace of innovation, and restrict supply according to their own narrow interests. Arguably in a democracy it's worse since corporations tend to have an autocratic model rather than an electoral one, so the people are left with even fewer options.
If you want a better society with greater choices and opportunity, let them make a better product or at least cheaper. Buying out the competition just raises prices and reduces choice. I would definitely consider that anti-capitalistic.