this post was submitted on 07 Apr 2024
119 points (91.6% liked)
Socialism
5144 readers
1 users here now
Rules TBD.
founded 5 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
Isn't that what they said?
The profit isn't what makes the monopoly inefficient, it's what makes the market inefficient. By absorbing all the excess product it limits the available funds for other products. On top of the fact that a monopolies ability to disregard demand (and maintain high profits)