alt Hacker NewsThe market abhors competition. The free market, absent government regulation, will always trend towards anticompetitive consolidation because it's far more profitable.
The market abhors competition. The free market, absent government regulation, will always trend towards anticompetitive consolidation because it's far more profitable.
Cory Doctorow wrote about this: "Capitalists Hate Capitalism"
> Capitalists hate capitalism. They don’t want to be exposed to the risks entailed by competition, and feel the goad of that insecurity. They want monopolies, or platforms, or monopoly platforms. They want assets, not businesses.
https://locusmag.com/feature/cory-doctorow-capitalists-hate-...