There is an ideal within capitalism in that regulators keep competition between firms up, and stops monopolistic practices. Under such a system, companies and consumers interests are wholly aligned and this benefits the lower-to-upper middleclasses very well, with some fringe benefits for the working class too.
It is this stasis snapshot of the market that people refer to when they say capitalism can work. I’m not wholly against it, I just sort of feel that regulatory capture is hard to fight against and that any stable capitalistic system will devolve into a monopoly/cartel if given enough time.
I just sort of feel that regulatory capture is hard to fight against and that any stable capitalistic system will devolve into a monopoly/cartel if given enough time.
This only really happens when you have a majority of the voting base not engaged in their local, state and federal politics or a voting base that has been brainwashed by one sided media.
Capitalism works perfectly well, we just don’t like it
There is an ideal within capitalism in that regulators keep competition between firms up, and stops monopolistic practices. Under such a system, companies and consumers interests are wholly aligned and this benefits the lower-to-upper middleclasses very well, with some fringe benefits for the working class too.
It is this stasis snapshot of the market that people refer to when they say capitalism can work. I’m not wholly against it, I just sort of feel that regulatory capture is hard to fight against and that any stable capitalistic system will devolve into a monopoly/cartel if given enough time.
This only really happens when you have a majority of the voting base not engaged in their local, state and federal politics or a voting base that has been brainwashed by one sided media.
I, uh, tend to feel that that is an inevitability of sorts too
Capitalism needs another system that it has to compete against, or else it starts eating itself