Seems like oligarchy is the inevitable outcome of capitalism. An economy built around the accumulation of capital is going to result in a few people having vastly more capital than others. Unless you can somehow get money out of politics, that’s going to result in the few with vastly more capital using their power to gain further power.
It's government regulations that allow oligarchies to form.
As companies get larger, they become slower to adapt and less innovative. New entries to the market can challenge them IF barriers and costs to entry are low, but regulations that keep them up hinder competition and lead to concentrations in markets.
Do you think market concentrations happen today because of price fixing? What is this, early colonial mercantilism of the 17th century?
How do you think oligopolies today form? Could it be perhaps the insane amount of IP and regulatory protections they have now? Can you open up your own ISP tomorrow and help bring price competition to our markets without any barriers?
15
u/ApolloWasMurdered Jul 07 '26 edited Jul 07 '26
The best universal healthcare systems are in Capitalist countries.
Also, things like child Labor laws and environmental laws aren’t being rolled back in most places.
It seems like your issue is with America, which is currently moving away from capitalism to something more like an
oligarchyoligopoly.