People who defended capitalism at this point in time are in constant denial. Capitalism only works well for everyone in highly competitive new fields/markets.
Once the monopoly sets in it no longer serves a useful function to the rest of society but does enrich a minority.
An awful lot of capitalistic practice is rent seeking nowadays. It doesn’t add any value and instead creates it out of thin air.
There has never been an effective small businesses capitalism economy that every capitalists uses to justify capitalism. It always ends up as game of monopoly.
Anyone has a fair shot at being a wage slave
People who defended capitalism at this point in time are in constant denial. Capitalism only works well for everyone in highly competitive new fields/markets.
Once the monopoly sets in it no longer serves a useful function to the rest of society but does enrich a minority.
An awful lot of capitalistic practice is rent seeking nowadays. It doesn’t add any value and instead creates it out of thin air.
There has never been an effective small businesses capitalism economy that every capitalists uses to justify capitalism. It always ends up as game of monopoly.