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Comment by bamboozled | Hacker News Reader

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So what you’re saying is capitalism is broken or “has evolved” ?

Matt Stoller refers to it as “Counterfeit Capitalism.”

https://www.thebignewsletter.com/p/counterfeit-capitalism-wh...

https://www.forbes.com/sites/patrickwwatson/2019/02/27/fake-...

https://www.wiley.com/en-us/The+Myth+of+Capitalism%3A+Monopo...

It’s not new though

Teddy Roosevelt was known for trust busting

The business plot was literally bankers trying to stage a coup on Washington because they hated FDR

https://connecticuthistory.org/gerald-macguire-and-the-plot-...

I don’t disagree! The only antidote is for the government to come out swinging with overwhelming force.

Not going to happen when government congressmen have their savings stocked up in shares of these monopolies.

Because that's never gone wrong.

No one else is going to stop them. Things are going fairly poorly as it is.

It’s actively destructive at this point - arguably been so for quite some time now but now the only way to not see it is to be actively deluding yourself.

It’s impossible to sustain even for an individual so they are only benefiting from it temporarily.

There's a field of study in economics called industrial organization that is all about oligopolies, monopolies and forms of imperfect competition. This is known stuff. I have no idea what you mean by your comment about capitalism, but I think you're likely just confused about different forms of competition.

Michael Porter basically just took IO texts and rewrote them for business people. He's a nice entry point if you're interested.

crony capitalism

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