Reply to post: But monopoly is in the nature of capitalism

Biden order calls for net neutrality, antitrust action, ISP competition – and right to repair your own damn phone

martinusher Silver badge

But monopoly is in the nature of capitalism

Although we're schooled from the cradle to think that capitalism is all about competition benefiting the consumer and so on in reality its name says it all -- its all about capital. This has huge implications that are always being glossed over because of all the inconvenient truths it exposes. Return on Investment, for example. Capitalists want the highest yield for the lowest investment (like everyone else) so naturally they want to eliminate competition (form monopolies or cartels) and manage markets to sell what product they have for the highest prices. It really isn't important to them whether their activity is socially useful or not, their world is the spreadsheet and if the spreadsheet says that they can make more money by investing in a parasitic activity -- or laying off thousands of workers -- then that will be the course of action chosen (tempered by any legal or public relations considerations -- timing is everything).

We've been through a generation of deregulation, unfettering capitalism to do what it does best. I don't know why people complain so much -- they keep voting for this. They may have noticed that their views are irrelevant since with the media consolidated and government captured they're not really that important any more -- as some notable dictators in the past (and one or two Republican politicians of today) have noted its not the number of votes that count but their quality.

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