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Theory vs Practice (lemmygrad.ml)
submitted 1 year ago by yogthos@lemmygrad.ml to c/memes@lemmygrad.ml
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[-] Life2Space@lemmygrad.ml 19 points 1 year ago* (last edited 1 year ago)

I don't think that we disagree. Because, for the reasons that you have provided, competition will produce almost-indestructible monopolies as a natural consequence, and those monopolies have a tendency to use their extensive power to destroy and buy out potential competitors and seek for quick, easy ways to accumulate wealth; notably, through rentier capitalism.

This is literally what's happening right now; at least, in the US.

this post was submitted on 25 Aug 2023
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