Economic Update: Competition & Monopoly In Capitalism…


Date: December 10, 2019

01) Economic Update: Competition & Monopoly In Capitalism


“Capitalism’s growing problems (inequalities, instabilities, unsustainability etc.) lead some defenders to argue that the cause is monopoly displacing competition in many industries. We disagree: capitalism’s history is oscillations between competition and monopoly, each causing the other. Capitalism is the problem, not its oscillating forms.”

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