Yes but the statement was “this is how free markets always end”. And I’m just wondering if the commenter has actually been around to see “free markets ending.”
That’s a fair comment I guess…but it’s the reality of the game. The US was a free market through it’s early history and today is the result of that.
It’s just how the free market ends, always. It starts with a few winners consolidating, abusing their monopoly and buying their government protections, and poof…welcome to late stage capitalism.
“Free Market” people always disregard human nature at it’s worst. There will always be people and orgs that game the system. You simply can’t prevent that. The US is absolutely an end game free market.
Gestures wildly at current state of things
Yes but the statement was “this is how free markets always end”. And I’m just wondering if the commenter has actually been around to see “free markets ending.”
That’s a fair comment I guess…but it’s the reality of the game. The US was a free market through it’s early history and today is the result of that.
It’s just how the free market ends, always. It starts with a few winners consolidating, abusing their monopoly and buying their government protections, and poof…welcome to late stage capitalism.
“Free Market” people always disregard human nature at it’s worst. There will always be people and orgs that game the system. You simply can’t prevent that. The US is absolutely an end game free market.
I think they were less talking about them ending as much as them tending towards the monopoly state over time.
Got it. Saying “this is how free markets always end” if they meant “free markets tends to move towards monopolies” confused me.