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Originally Posted by Steve Jordan
Ralph's right: You've got a really funny idea of capitalism.
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I have a knowledge of what the mechanics of the Capitalist system must produce as an eventual outcome should those mechanics be left to run their natural course unfettered.
Quote:
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Originally Posted by Steve Jordan
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.
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Yes, there is room for competing
products. Hence why I did not say anything about the eventual outcome being that there would be only one
product for each industry or use or whatever. I said that there would be only one
company. Or to put it another way, only one producer of each product or service.
Quote:
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Originally Posted by Steve Jordan
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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Monopolies are not the "intended goal of Capitalism" just like the concentration of wealth from the poor to the rich is not the "intended goal".
Yes, in the purported ideal utopia of pure Capitalism, neither is the intended goal. Both just happen to be the actual result when Capitalism is enacted in reality though.
They are not cancers or aberrations. They are the natural end product of the mechanics of Capitalism.
Cheers,
PKFFW