Capitalism doesn’t breed innovation nor is it a competitive system, it creates monopolies. Mega corporations enter a new market and undercut their competitors by hemorrhaging money, eventually they buy up all their competitors, and form strategic alliances with the rest…
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This leads to oligopolies & consolidation of industry, giving corporations monopolistic pricing rights & price gouging. This model can be applied to any sector of the economy, internet, cellphones, pharmaceuticals, etc. Right now streaming services are basically re-creating cable
@mcsquared34 Especially when the government and big business are in bed together, regulating competition out of the market...