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> When capitalism is functioning well, ... I recommend this question as an interesting conversation starter at parties: Is it in the self-interest of the most

• bawolff 2y ago
  Obviously not. Which is why we have antitrust laws. If it was in the self-interest of the most succesful capitalists, we wouldn't have to have laws about it.
  • xpe 2y ago
    Right. Phrasing it as a question and waiting for the gears to turn can be a good strategy.
    • bawolff 2y ago
      I still don't really understand your point. I don't think anyone disagrees that monopolies and other anticompetitive behaviour is a thing that exists.
      • xpe 2y ago
        > I don't think anyone disagrees that monopolies and other anticompetitive behaviour is a thing that exists. There are people who never learned this or have essentially forgotten it. Some ideologies bury such truths. Among business/tech circles, there is a fairly common disdain of regulation. People can conveniently forget that self-interest taken too far can destroy the conditions that make competition work. It is one thing to criticize a powerful monopoly that isn’t you. It is another thing to say “Oh. Maybe what I’m doing is part of the problem.”