That’s where government guard rails come in. In the US we used to break or disallow monopolies. We have thrown that fight in the trash over the past several decades.
This chart should scare the living shit out of us.
How does the tendency to monopolize fit into this?
shalafi@lemmy.world 1 day ago
squaresinger@lemmy.world 1 day ago
That’s the issue here though. Capitalism tends to monopolize. Its mechanics reward monopolies, sind monopolies have much better negotiation powers and economies of scale. Government guardrails are a patch applied from the outside, because unchecked capitalism is broken.
In fact, feudalism is what happens if you let capitalism run unchecked, and it’s exactly how feudalism came into existence.
Money begets power, power begets money.
masterspace@lemmy.ca 1 day ago
No, and I would argue that most people who are actually small-c conservative capitalists don’t actually like businesses growing to the point of monopoly, and especially conglomerizing and crossing industries.
It is why every country has some form of anti-competition regulation, because capitalism is not a perfect system and can run amok if the appropriate guard rails aren’t in place.