That is the death of capitalism. That’s capitalism (based on free markets) devolving into oligopoly (based on regulatory capture and tightly-restricted markets).
Capitalism doesn’t last any better than any other institution. It degrades into something else. The thing it degrades into is a centrally-controlled market, similar to what you find in socialism.
What do you figure is centralized about capitalism?
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That is the death of capitalism. That’s capitalism (based on free markets) devolving into oligopoly (based on regulatory capture and tightly-restricted markets).
Capitalism doesn’t last any better than any other institution. It degrades into something else. The thing it degrades into is a centrally-controlled market, similar to what you find in socialism.
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