Comment by RivieraKid
4 hours ago
If existing capital starts to generate excessive profits, more capital will be built, which will require human labor and will make the original capital less valuable.
4 hours ago
If existing capital starts to generate excessive profits, more capital will be built, which will require human labor and will make the original capital less valuable.
In theory. In practice, the excessive capital of the incumbent allows them to price out or buy the budding competition, or the legislators, so as to protect their position.
The natural state of a capitalist system is the monopoly.