this post was submitted on 10 Nov 2021
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[–] [email protected] 6 points 3 years ago (1 children)

besides corruption, is there any economical model in use as an argument to keep these monopolies from being broken up into pieces?

[–] [email protected] 8 points 3 years ago* (last edited 3 years ago) (1 children)

Capitalism itself is pretty dependent on them actually. See "too big to fail." It all stems from the failings of capitalism in the end.

[–] [email protected] 0 points 3 years ago* (last edited 3 years ago) (1 children)

i don't think it even qualifies as capitalism at that point.

[–] [email protected] 5 points 3 years ago (1 children)

It totally is. Pure capitalism is about profit at all moral and societal costs.

[–] [email protected] 1 points 3 years ago

Yes of course, but "too big to fail" is not an argument to not break up monopolies (if that was the case, it needs to be nationalized). Because, in the scenario of "too big to fail", the issue is rather the opposite; a company posing a risk to the nation if they fail to secure profit at all moral and societal cost. I mean, if a company is irreplaceable with no room to be replaced by another, it no longer plays the game of capitalism as it will be kept in operation through taxes due to a failure to be profitable.