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by ScoobleDoodle
853 days ago
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Somehow in the USA these theoretical competitors that lower the profit margin and provide better service seem not to materialize. We end up with whole industries all of whose participants are funneling money to the executives and investors at the expense of customers and society. It’s such a broad issue that half of inflation is attributed to this corporate greed which is not being mitigated by the invisible hand of capitalist competition. Without proper regulation and enforcement capitalism devolves to monopolies and oligopolies and eliminate competition and subdue market forces. |
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