freddms on Nostr: Not sure that's true historically - but it IS TRUE now! Capitalism use to enforce ...
Not sure that's true historically - but it IS TRUE now!
Capitalism use to enforce antitrust rules/laws. When a company gets too big or a group of companies gets too big Government would break them up. This is a good thing. It just does not happen anymore.
BUT - and it's a big but, if you have real capitalism the big players end up being displaced by new businesses. AND, big companies start new divisions and then spin them off - because 'real' business owners know new divisions are more adaptive in the market place.
Today, before a new innovative business can get profitable, the big players sweep in with that Cheap, close to the Fed money, and buy up al the new players. Exactly the OPPOSITE that happens in a Capitalistic system.
Capitalism use to enforce antitrust rules/laws. When a company gets too big or a group of companies gets too big Government would break them up. This is a good thing. It just does not happen anymore.
BUT - and it's a big but, if you have real capitalism the big players end up being displaced by new businesses. AND, big companies start new divisions and then spin them off - because 'real' business owners know new divisions are more adaptive in the market place.
Today, before a new innovative business can get profitable, the big players sweep in with that Cheap, close to the Fed money, and buy up al the new players. Exactly the OPPOSITE that happens in a Capitalistic system.