[berettafan]

Originally Posted by legion

This statement is not correct and I suspect that you are mistaking capitalism for corporatism. Corporations are not a required component of capitalism, and in fact are designed to defeat some characteristics of capitalism (for example, "branding" their products).

Capitalism is a system where everyone is free to buy and sell as they choose. Buyers gravitate towards sellers with the lowest prices, and sellers who are most efficient at producing goods are rewarded with the most customers. That's it.

And the end result is one giant store for everything. no competition.

The idea that competition can spring from nowhere is a fable. At least in a country with so much regulation.