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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.
by 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 agoRight. Phrasing it as a question and waiting for the gears to turn can be a good strategy.
- bawolff 2y agoI 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.”