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But if that capital accumulation is unchecked it destroys the very market forces such as competition and price setting functions through supply and demand neces
by digitaltrees 3mo ago
But if that capital accumulation is unchecked it destroys the very market forces such as competition and price setting functions through supply and demand necessary for capitalism to work. So capitalists should want to prevent monopolies and concentration of wealth.
- throw0101a 3mo ago> So capitalists should want to prevent monopolies and concentration of wealth. Why do you assume that Capital class has an ideological loyalty to the capitalist system? If they can get rich without having to compete or do any kind of effort, don't you think they'd prefer that to actually 'working' for the money? Once they've got theirs, do you think they care about what happens after?
- digitaltrees 3mo agoI don’t. That’s why I said capitalist not the capital class. Those are distinct groups. You can be a capitalist with no capital and a monopolists that would be happy with state capture once you win and a feudal oligarchy. Much of Silicon Valley is revealing themselves to be just that. They’re going to find out the stark consequences of taking all the toys on the playground