Quote:
Originally Posted by Steve Jordan
Ralph's right: You've got a really funny idea of capitalism.
Capitalism allows for competing products to coexist today... there are plenty of examples. Products can compete, specifically because they are not all the same: Company A offers a square widget with a manual crank, while company B offers a round widget with a solar-charged crank, and consumers can choose which they want.
Monopolies are not inevitable products of capitalism, nor are they intended goals of capitalism; they are aberrations, a sort of capitalist cancer, that ultimately damages the concept and process of capitalism... that is why there are laws to prevent them, just as there are laws to prevent other undesirable aberrations that can damage a capitalist system, such as unfair labor practices, false advertising, unsafe products and price-gouging.
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May I split the difference? What he says would be true, if there was no new inventions for 100-200 years. Chances of that happening in a capitalistic system - slim or none (and we just strung up Slim....).
That is the great failing of Marxism (Karl - not Groucho). It was written to view the world as static.
In the real world, new inventions are always overturning applecarts!