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by omegaworks
3447 days ago
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>Serving your customers well is entirely out of self interest This general tenet starts to break down the fewer competitors operate in the market. Monopolization allows corps to capture supernormal profit and externalize as much cost as possible. When there's only one person that's got what you need, they can treat you how they want. tl;dr: Comcast. |
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This is of course a old marxist argument, capital is inherently centralising.
There are however good reason to believe this is not true. In fact, most economist don't follow this line of thinking anymore.
No AnCap would deny that there would be some larger then healthy cooperations but its an acceptable problem that is pretty hard to solve for any system and is often made worse by state based systems.