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> Under capitalism, ALL industries have conditions that favor monopoly. It arises from regulatory capture and economies of scale naturally. It is the end state
by gottorf 3y ago
> Under capitalism, ALL industries have conditions that favor monopoly. It arises from regulatory capture and economies of scale naturally. It is the end state of any industry.
Regulatory capture is orthogonal to capitalism. In fact, many of the loudest cheerleaders for capitalism also advocate for fewer regulations, in large part to avoid that exact problem.
Diseconomies of scale are real. There's no evidence to suggest that the terminal state of any industry is a monopoly.