this post was submitted on 25 Aug 2023
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I don't think that we disagree. Because, for the reasons that you have provided, competition will produce almost-indestructible monopolies as a natural consequence, and those monopolies have a tendency to use their extensive power to destroy and buy out potential competitors and seek for quick, easy ways to accumulate wealth; notably, through rentier capitalism.
This is literally what's happening right now; at least, in the US.
Yup