Quote:
Originally Posted by wdfifteen
And the one with the highest profit buys out or runs out of business all of his competitors until he is the only one left. Then he can do what the douchenozzle in the OP did. Monopoly is the ultimate goal of capitalism. You are right about efficiency, competitors make the goal of profit inefficient, so they must be eliminated.
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This is like saying, the ultimate goal of communism is a despotic dictatorship.
There is a subtle difference between "Free Market" and "Capitalism".
Capitalism, is where the means of production, are controlled by the demands of the people who produce. It is not an unregulated free market system, it requires careful regulation, yet not regulation so intrusive as to defeat the system.
We have not had a capitalist society in the USA IMHO since the mid 1800's. It has been progressively broken in different ways by different administrations since then. As we enter a welfare state where the economy is supported by taxes levied, then production supported by government, it is no longer the producers that control the means of production, but rather, those with political connections. If we had a capitalist society, the government wouldn't be subsidizing the "big pharm" through paying the ever increasing prices of healthcare. A non capitalist system that we have grown into, also allows people to get rich off of continually selling cures/symptom masks, rather than solving cause(A much better solution). A capitalist system would be focusing on raising personal health, rather than having such a low health, there is a constant need for "cures".