by Anonymous Coward writes:
on Wednesday February 15, 2017 @01:34PM (#53874309)
Didn't you get the memo? True Capitalism breeds monopolies. Or, rather, I should call it by its proper name, Corporatism.
Look at how any industry has evolved over the past few centuries and you see groups forming out of companies to out-compete their competitors, then buy them as they crumble. Rinse and repeat. Eventually reaching such large sizes, they can wipe out people if they don't sell their companies to the bully. (see Microsoft tactics) The number of services on the internet most used have been locked up in to a handful of companies where just 15 years ago there were hundreds of them.
It's a cancer on this world making poor people poorer and the rich richer.
Four legs better (Score:2)
Re:Four legs better (Score:0)
Didn't you get the memo?
True Capitalism breeds monopolies.
Or, rather, I should call it by its proper name, Corporatism.
Look at how any industry has evolved over the past few centuries and you see groups forming out of companies to out-compete their competitors, then buy them as they crumble. Rinse and repeat.
Eventually reaching such large sizes, they can wipe out people if they don't sell their companies to the bully. (see Microsoft tactics)
The number of services on the internet most used have been locked up in to a handful of companies where just 15 years ago there were hundreds of them.
It's a cancer on this world making poor people poorer and the rich richer.