Comments by "" (@shamrock141) on "How Money Works"
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Capitalism is to blame, monopolies are the ultimate destiny of any exclusively capitalist society and it's not even subtle. The best way to make money in your industry is to buy out your competitors either overtly or discreetly and then control the market, double points if you sell something that everyone needs like say Steel or Oil, almost reminds you of a certain old family name that went toe to toe with Roosevelt in the 19th century.
It wasn't "free market trade" that gave us labour protections, affordable food, third party repair services or even the best products, since planned obsolescence is very much real with products today.
China is a very obvious example of how a free market capitalist society isn't absolutely necessary for manufacturing, of course they have their own monopolies but they were forged from different forces. In China the party runs the country and the companies, they impose monopolies, in the US the companies inflitrate and run the government, lobbying to keep their power enriched. The EU managed to both standardise systems and infrastructure to allow for easier trade whilst also removing trade barriers and unnecessary bureaucracy between member states, it's not a perfect system but it does more for most people than arguably anywhere else
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