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0 pointslwhi2y ago0 comments

What chance does a small team without a large amount of funding honestly have of competing with any of these businesses?

I'm trying to talk generally about the concept of monopolies in a supposed free market economy and the need for regulation.

Fundamentally, we don't necessarily need business to operate at the scale its grown to.

The only reason these businesses have grown so vastly is because it increases profit in the hands of fewer people.

We (as a society) can do better.

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neodymiumphish2y ago

Except that the examples I gave fly directly in the face of the situation you're stating. Amazon replaced Walmart with exponentially less starting cash. Netflix did the same to the entire media industry.

Venture capital and business loans could easily fund the next big industry giant provided the barriers to entry aren't astronomical. But corporations are utilizing their lobbying powers to capture the relevant regulatory market in ways that protect their interests.

Your problem is with corporatism and cronyism, whether you realize it or not.

lwhiOP2y ago

Corporatism and cronyism are major factors that create monopolies.

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