Been saying, almost every gripe about capitalism is really about monopolies. Then comes the inevitable argument that capitalism’s end game is monopoly. No, it’s not. Adam Smith himself wrote that monopolies are destructive to any economic system. And no economic system will function for long with all but zero government oversight.
Downside of having monopolies.
One of the many downsides.
Been saying, almost every gripe about capitalism is really about monopolies. Then comes the inevitable argument that capitalism’s end game is monopoly. No, it’s not. Adam Smith himself wrote that monopolies are destructive to any economic system. And no economic system will function for long with all but zero government oversight.