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Joined 1 year ago
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Cake day: July 21st, 2023

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  • Monopolies depend on the government to exist.

    I won’t bother with the rest, but this is flat-out false. Unregulated capitalism is responsible for unethical practices such as buying out your competitors, price-fixing, waiting-out your competitors (because they can’t match your unrealistically low price), insider-trading, exploiting a captive audience, and only competing in “territories” (you know, like drug dealers).

    I can’t speak globally, but all the worst monopolies engaged in at least one of these. The US is far from perfect, but they squashed several giant monopolies because of practices like this. Corporations without guardrails are unrestrained greed.