Economic Update - Competition and Monopoly in Capitalism
Economic Update

Economic Update - Competition and Monopoly in Capitalism

2019-12-07

This week’s special topic discusses capitalism's growing problems, such as inequalities, instabilities, and unsustainability. That leads some defenders to argue that the causes of these problems are monopolies displacing competition in many industries. We disagree: capitalism's history is oscillations between competition and monopoly, each causing the other. Capitalism itself is the problem, not its oscillating forms.

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