The 1st step to imperialism...
this post was submitted on 10 Jul 2024
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United States | News & Politics
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I put my capital in those index funds; my bad.
Is… is this what free markets look like?
Or, wait, is this what happens when there's too much regulation and if we regulated corporations even less they wouldn't do this?
Edit: I had hoped it was obvious I'm being sarcastic
Free markets are rarely naturally sustainable. Left to their own devices, they converge into monopolies; it's explained pretty simply with a bit of game theory and the advantages afforded by the network effect and economies of scale.
This is exactly why the US had historically adopted anti trust laws, the FTC, and the Competition Bureau. The public used to know what's up. Clearly many people haven't gotten the memo, and are all too happy to drink the ancap cool aid.
Honestly I have no idea how people who are into ancap bullshit don't just randomly drop dead because they forget how to breathe
This is capitalism. A system made to benefit those who have more capital by giving them even more capital.
The capitalist class controls the government, so no.
BBC: [Princeton & Northwestern] Study: US is an oligarchy, not a democracy