Comment by ropejumper
6 days ago
Yep. The issue with megacorps (and more generally monopolies) is that they want to have their cake and eat it too. You want capitalism but you also want to be the only one on the market. Pick a side.
6 days ago
Yep. The issue with megacorps (and more generally monopolies) is that they want to have their cake and eat it too. You want capitalism but you also want to be the only one on the market. Pick a side.
They do pick a side: success at capitalism implies outcompeting your peers. Without regulation, there will be winners, and they will tend to be monopolies. Marx pointed this out in his book “Capital” (Das Kapital) in the late 1800s.
Capitalism without regulation can’t reach a stable equilibrium.