Comment by lokar
8 months ago
The 19th century phrase used in public to justify building monopolistic “trusts” was avoiding “ruinous competition”, the nation would be better off with a few big monopolies
8 months ago
The 19th century phrase used in public to justify building monopolistic “trusts” was avoiding “ruinous competition”, the nation would be better off with a few big monopolies
And I'm saying that the competition is 'ruinous' for the companies involved, yes. But it's great for workers, customers and shareholders.
Oh, absolutely. Financial elites in the US only like Adam Smith when it suites them.