jonny5
DP Veteran
- Joined
- Mar 4, 2012
- Messages
- 27,581
- Reaction score
- 4,664
- Location
- Republic of Florida
- Gender
- Male
- Political Leaning
- Libertarian
Problem: Once the majority of industry lay in the hands of a small few, it becomes increasingly difficult for others to jump into the market. Put simple: the big fish quickly gobble up the little fish either through out-pricing them or buying them out. But that's on the side of dwindling competition. Consumers are the bigger threat to perpetual profits.
In 12,000 years of capitalism, we still havent gotten to that point. So why would we think that would ever happen? Capitalism is self correcting if you leave it alone.