Hacker News new | ask | show | jobs
by palmotea 189 days ago
> capitalism is kinda-sorta weaponized greed, but in a way that tries to promote competition and thus create actual value.

In practice, capitalism itself doesn't really promote competition, but rather competition is an externally-enforced situation required to keep capitalism from going off the rails. IMHO, capitalism naturally evolves towards monopoly (otherwise antitrust laws would be unnecessary).