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Monopolies are broken by capitalism just as much as they're created by capitalism. The whole "end-stage capitalism" schtick is wrong because a free market will
by halJordan 3y ago
Monopolies are broken by capitalism just as much as they're created by capitalism. The whole "end-stage capitalism" schtick is wrong because a free market will lead to the ossification and then breakdown of a monopolist. You just have to finish spring semester of Econ101 to find out how.
- jdksmdbtbdnmsm 3y ago>Monopolies are broken by capitalism just as much as they're created by capitalism. Source?
- orwin 3y agoCapitalism != free market. You think of liberalism here. Capitalism is about private ownership of the means of production, no? Maybe the definition changed in the US?
- pi-e-sigma 3y agoIn it's origins it was about the capital ruling, as opposed to the aristocracy. So political power would be in the hands of people with capital, not the landed aristocracy. The means of production only entered the equation with the industrial revolution. And capitalism is older than that, albeit not much older