this post was submitted on 10 Jul 2024
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United States | News & Politics

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The degree of concentration of US monopoly capital is unprecedented. (lemmy.ml)
submitted 2 months ago by yogthos@lemmy.ml to c/usa@lemmy.ml
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source https://www.cambridge.org/core/journals/business-and-politics/article/hidden-power-of-the-big-three-passive-index-funds-reconcentration-of-corporate-ownership-and-new-financial-risk/30AD689509AAD62F5B677E916C28C4B6

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[–] dactylotheca@suppo.fi 1 points 2 months ago* (last edited 2 months ago) (4 children)

Is… is this what free markets look like?

Or, wait, is this what happens when there's too much regulation and if we regulated corporations even less they wouldn't do this?

Edit: I had hoped it was obvious I'm being sarcastic

[–] prototype_g2@lemmy.ml 3 points 2 months ago

This is capitalism. A system made to benefit those who have more capital by giving them even more capital.

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