Quote:
Originally Posted by Ralph Sir Edward
If I may parody Diana Darby...."You don't know your capitalism..."
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Actually I know the reality of Capitalism quite well, having studied it at university level.
What I am not talking about is the idealised propaganda of the "free market" that is espoused by those who wish to continue blindly believing in the infallibility of the Capitialist system.
And note, I am not saying Capitalism is evil or wrong or anything. It simply is what it is.
Quote:
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Originally Posted by Ralph Sir Edward
What busts monopolies in Capitalism is new inventions. Karl Marx, bless his poor lil' heart, didn't figure that one out before he published. I can have the most perfect monopoly on buggy whips there is, but if the car makes buggy whips obsolete, my monopoly won't be worth anything. Monopolies inherently become profit maximizing organizations, leaving room for new technologies to undercut them. When they do, another monopoly bites the dust....
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That is one way that monopolies die.
Cheers,
PKFFW