
Competitive Capitalism – long dead in the US
Competitive Capitalism – long dead in the US
November 14, 2024
A key part of the description of capitalism in ort —>> read more –>>
November 14, 2024
A key part of the description of capitalism in ort —>> read more –>>
November 26, 2018
Adam Smith discussed the harms caused by monopolie —>> read more –>>
February 21, 2018
Corporate concentration of income and wealth are core features of capitalism. From its earliest cheerleaders like Adam Smith, the drive for corporations to get ever larger and in the doing drive their competitors out of the market was noted and warned against. John Oliver provides a thorough and amusing introduction.
February 20, 2018
The new digital economy is displaying the same drive to concentration, monopolies and oligopolies, that capitalism has always displayed. Facebook, Google, Amazon, Apple, and Microsoft are just a new face of the predatory monopolists of the Rockefeller Standard Oil age.
April 17, 2017
In the US four airlines control over 80% of the seats and in many regional markets the competition veers towards a state of monopoly. There is simply no effective competitive controls on what the airlines can charge and under what conditions.This has lead to persistent high fares and a seemingly endless series of innovations in how many people can be jammed into a plane with as many extra charges tacked on for fewer and fewer amenities.
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