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by maxxxxx 2661 days ago
A lot of people seem to confuse "capitalism" with "market economy". Once capitalists have established their position they hate market competition.
2 comments
erik_seaberg 2661 days ago
The market decides how much to produce, capitalism scales up the best producers.

Producers want monopolies but somehow we need to keep a flow of promising new producers launching so that doesn't happen, because it screws up the market (the monopolist produces less and takes more for it).

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nicoburns 2661 days ago
Or we could regulate the market to not allow monopolies (and break up large businesses). We have laws for this, they're just not enforced.
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erik_seaberg 2660 days ago
The race is kind of pointless if we're just going to shoot the winners.
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Theodores 2661 days ago
Too true and concisely put.

The actual word 'competition' did not mean winner takes it all in the Ancient Greek flavour of the word, it has also been newspeaked by Capitalism. Originally there was some honour to competition. See also where the word 'agony' comes from:

https://en.wikipedia.org/wiki/Agon

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