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by ffsm8 608 days ago
Honestly, you have an idealized view on capitalism.

It's still the most productive system humanity has ever used at scale, but capitalism favors monopolies, cartels and every other anti-competitive behavior you can think of.

That's why we have regulations against such behavior. Even if - as it turns out- these regulations can still be weaponized by bad acteurs to ultimately strengthen their hold on markets

1 comments

He did say "if capitalism was really working". I at least read that as "working as intended", i.e. as the capitalistic ideal.
Yes, and my point was that the capitalistic ideal does not mean fair competition.

Because capitalism inherently favours anti-competitive behavior. If it didn't, we wouldn't have had to pass legislation to outlaw it.

Quoting "not real capitalism" as am argument is at the same level as saying "we just didn't try real socialism yet". That's technically true, too. And we likely never will.