Capitalism, Monopoly, Oligopoly and John Oliver
Capitalism does a number of things very well. Concentrating power, wealth and income is one of them. Though we naturally focus our attention on wealthy individuals, fat cats, tycoons, money bags, but corporations, the legal entities with personhood (at least in the US) are also recipients of this concentrating power.
John Oliver in his HBO program “Last Week Tonight” took on monopoly and oligopoly. His focus on the airline industry is convenient because so many of us have direct experience but this phenomenon is virtually universal regardless of the sector of the economy you look at.
Also published on Medium.