[blorsh]

It doesn't look Marxist to me, and I don't see how you get long-term sustained competition in an unregulated market.

Maybe it worked before the invention of the corporation. You'd buy from an individual human. Fraud would mostly be obvious, and you could get a mob to beat the person if they were into fraud. Unlike corporations, which can merge into MegaCorp and then dictate prices, humans can't actually merge into MegaMan.

[nickik]

Well its Marxist because Marx made this prediction popular for capitalism. He made this prediction based on his totally failed economic system that basically failed on almost every prediction.

Nobody believes in Marx's economic model, but people cling to prediction. Now it just no longer has any theory behind it. Its just a believe people had.

If its such a huge problem, please provide me with evidence. If the prediction was true we would constantly see monopoly and monopoly prices. We sometimes see monopoly, but almost never monopoly pricing.

There is actually ton's of research on mergers. Most researcher don't believe there will be merger after merger until their is only one super company.

If Marx predictions were true, why did non of it happen in the last 200 years.

[simonh]

The idea that unregulated markets can lead to price fixing and cartels was not original or unique to Marx, as I and others have pointed out even Adam Smith was very well aware of it, and it does not itself imply all of the rest of Marxism.

[nickik]

Yes other classical economist talked about the subject as well. Their analysis were of course about 100x superior those of Marx. The feared the problem and worried about in theory but they did not predict the inherent centralization of all markets.

They also understood that politics often has no interest in fixing the market, as they had a actual model of political economy.

[justinclift]

> ... humans can't actually merge into MegaMan.

Yet. There are probably trans-humanists out there that'd go for that (not me). ;)