Seems that way through enough experience and empirical evidence. I just wonder what could have happened if we enforced anti-trust law earlier on… they were meant to help prevent monopolistic companies from taking over everything. Maybe it was a lost hope, but I would’ve liked to see the system functioning as intended for once.
Well, if the penalty for an antitrust violation is a penny for every billion dollars made while screwing mom and pops small businesses and destroying competition, then there might as well be no anti trust laws at all. They just don’t work. Why should I care about a fine if it’s only 0.001% of what I made while commiting the violations.
The truth is that it can’t. In economic formations where private property is the principle aspect, you can’t really take control of capital and plan it to the necessary extent, those at the top are those priests of capital best suited for endlessly profiting and growing. It isn’t “meritocracy,” the system needs profit and will destroy anything that doesn’t help with that. Only socialism can truly be planned.
Seems that way through enough experience and empirical evidence. I just wonder what could have happened if we enforced anti-trust law earlier on… they were meant to help prevent monopolistic companies from taking over everything. Maybe it was a lost hope, but I would’ve liked to see the system functioning as intended for once.
Well, if the penalty for an antitrust violation is a penny for every billion dollars made while screwing mom and pops small businesses and destroying competition, then there might as well be no anti trust laws at all. They just don’t work. Why should I care about a fine if it’s only 0.001% of what I made while commiting the violations.
The truth is that it can’t. In economic formations where private property is the principle aspect, you can’t really take control of capital and plan it to the necessary extent, those at the top are those priests of capital best suited for endlessly profiting and growing. It isn’t “meritocracy,” the system needs profit and will destroy anything that doesn’t help with that. Only socialism can truly be planned.