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Honestly, you have an idealized view on capitalism. It's still the most productive system humanity has ever used at scale, but capitalism favors monopolies, ca
by ffsm8 2y ago
Honestly, you have an idealized view on capitalism.
It's still the most productive system humanity has ever used at scale, but capitalism favors monopolies, cartels and every other anti-competitive behavior you can think of.
That's why we have regulations against such behavior.
Even if - as it turns out- these regulations can still be weaponized by bad acteurs to ultimately strengthen their hold on markets
- Sardtok 2y agoHe did say "if capitalism was really working". I at least read that as "working as intended", i.e. as the capitalistic ideal.
- ffsm8 2y agoYes, and my point was that the capitalistic ideal does not mean fair competition. Because capitalism inherently favours anti-competitive behavior. If it didn't, we wouldn't have had to pass legislation to outlaw it. Quoting "not real capitalism" as am argument is at the same level as saying "we just didn't try real socialism yet". That's technically true, too. And we likely never will.