Even if it worked it wouldn’t. Neoliberals and free-market advocates will tell you that competitors would rise up if there were no regulations.
But some industries (like silicon and microchips and other advanced tech) are just impossible to breakthrough without years or decades of setting up and operating without profit vs current players.
And those current players, given no market regulations, will still use their money to do anything possible to stifle upcoming competitors or buy them out.
The dream of capitalism was born pre industrial age, under models of “apples sold at the farmers’ market”.
The reality is we have advanced a lot and need mixed economies to keep things fair for most people.
Googling is easy. We had mostly capitalism before, the industrial evolution just pumped it even more.
Plus the IE wasn’t a single date but a period. And my point is that previously held ideas of how markets work affected People’s hopes of what competition in a capitalist market would be like.
…in spite of how the industrial evolution created industries (lol) and markets so vast that they became larger than any human or any family trade ever was, intergenerational behemoths that are simply too resistant to competition because of how it takes literally multiple lifetimes to reach their level without already being a competitor.
Even if it worked it wouldn’t. Neoliberals and free-market advocates will tell you that competitors would rise up if there were no regulations.
But some industries (like silicon and microchips and other advanced tech) are just impossible to breakthrough without years or decades of setting up and operating without profit vs current players.
And those current players, given no market regulations, will still use their money to do anything possible to stifle upcoming competitors or buy them out.
The dream of capitalism was born pre industrial age, under models of “apples sold at the farmers’ market”.
The reality is we have advanced a lot and need mixed economies to keep things fair for most people.
I’m sorry, but capitalism didn’t really exist up until industrialism. Before then, it was mainly feudalism.
Googling is easy. We had mostly capitalism before, the industrial evolution just pumped it even more.
Plus the IE wasn’t a single date but a period. And my point is that previously held ideas of how markets work affected People’s hopes of what competition in a capitalist market would be like.
…in spite of how the industrial evolution created industries (lol) and markets so vast that they became larger than any human or any family trade ever was, intergenerational behemoths that are simply too resistant to competition because of how it takes literally multiple lifetimes to reach their level without already being a competitor.