this post was submitted on 08 May 2024
1716 points (99.3% liked)
Technology
59574 readers
3118 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related content.
- Be excellent to each another!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, to ask if your bot can be added please contact us.
- Check for duplicates before posting, duplicates may be removed
Approved Bots
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
Market forces lead to the creation of large corporations that then shut down market forces and undermine fair markets. Once a few big corporations dominate they coordinate their behavior and prices and shut down any new players entering the market. Regulation can counter it to a point, but once the corporations are wealthy enough to dominate government regulation also fails. Right wingers hasten the process by opposing regulation, and have no good answer to how to prevent markets collapsing into monopolies or cartels. I'm not sure anyone has a good answer to that in a capitalist system.