12-05-2015, 04:07 PM
(12-05-2015, 03:20 PM)fredtoast Wrote: A completely free market allows the people at the top to keep winning more and more. They use their wealth to create more wealth in a cycle until an overwhelming majority of society lives in poverty wile a miniscule percentage at the top control all the wealth.
No, that is not necessarily the case and a purely socialist view ignorant of how economies and companies actually generate a profit. Regulation creates plenty of barriers to entry. Other natural barriers to entry sometimes exist, such as economies of scale (think Amazon), but many monopolies actually come to exist through acquiring competitors. MS is or was basically a monopoly. Google arguably as well. Amazon, even EBay. All those companies, however, have actually created great consumer benefit.
Even then, monopolies are not inherently evil nor does that equate to unfair pricing or gouging. Capitalism is about supply and demand, not manipulating either side to steal economic rents.
People like to bash capitalism because bashing corporate profits has always been a faceless, victimless crime.
People, and especially politicians, just don't want to admit it's not rich people eating your lunch but, almost literally, tens of millions of skilled workers from India, China, etc coming into the global economy to compete for jobs.
