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Capitalism. They own companies that are established. It’s in their interest to prevent competition. Almost all established companies eventually support rules t
by pyuser583 2y ago
Capitalism. They own companies that are established. It’s in their interest to prevent competition.
Almost all established companies eventually support rules that enshrine themselves as monopolies in exchange to much tougher regulation.
Tariffs force governments to pick and choose industries to receive state protection. As do subsidies.
Even creating tons of paperwork for startups helps a lot.
Plenty of democracies function this way. Italy and Belgium come to mind.
- wormlord 2y agoThe means of production are still privately owned. What you described is not Capitalism by strict definition, but the owners of capital are still at the top of the food chain in such a system. It's not like lack of competition somehow precludes private ownership.