Quote:
Originally Posted by ossiblue
What you describe is not the Walmart model, it is the capitalism model. Unrestrained, theoretical capitalism seeks to achieve a monopoly by driving out competition, that is the ultimate goal. Think of the monopolistic empires built by Carnegie, Rockefeller, Vanderbilt, or more modern monopolies like AT&T (before the break up) and Microsoft. These companies didn't start out to be coercive or non-coercive monopolies, but each eventually used the tools of capitalism to achieve that end. It's good business.
China is simply doing the same, on a global scale, unrestrained, to a certain degree, because the checks on monopolistic abuses can only come from other nations' individual or collective trade regulations.
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The difference between the examples you give and china is the chinese government funds its monopolistic ambitions with taxes, where as your examples had to depend on real business profits or ability to attract financing based on the soundness of the business model.
all powerful nation state (with laws, jails and guns) vs a shareholder owned corporation.