• fidodo@lemm.ee
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    1 year ago

    Yes, as with all things it must be balanced. Also, I wish we could recognize that monopolies are not capitalism, it’s just cronyism and there’s no place for that. It’s the antithesis of capitalism and it plagues communism too. It’s just pure corruption.

    • hopelessbyanxiety@lemmy.world
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      1 year ago

      i thought monopoly is just the natural development in a competition, which (the competition) is pretty relevant in any market economy. I mean, an alt history line could have every monopoly in the market being prevented by gov regulation. But that would require gov that’s not payed in any way by the 1%, who benefit from inexistent competition, to serve its own interest. That’s really far from today’s reality, in most countries i guess.

      • fidodo@lemm.ee
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        1 year ago

        It is a natural development which is why we have anti trust laws. We recognized over 100 years ago that monopolies are bad and that they need to be broken up to keep capitalism healthy, but decades of corporate lobbying and propaganda made that practice stop happening. You’re right that we need to clean up corruption in the government to make that happen again.