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.
Government itself arises out of conflict between classes, and the fundamental mechanism of capitalism is accumulation. The former means without pretty intensive upheaval and reorientation of governmental systems, the institutions are unlikely to interfere with the core function they were designed to protect. The latter means that no matter what protections you put in place, by the very nature of how it works, capitalism will trend towards monopoly.
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.
Government itself arises out of conflict between classes, and the fundamental mechanism of capitalism is accumulation. The former means without pretty intensive upheaval and reorientation of governmental systems, the institutions are unlikely to interfere with the core function they were designed to protect. The latter means that no matter what protections you put in place, by the very nature of how it works, capitalism will trend towards monopoly.
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.