June 27th, 2012

06:18 pm - no /.

un lai mums neviens nečakarē smadzenes ar brīvo kapitālismu bez valsts iejaukšanās

The incentive to create a business is to make money. Once your market saturation crosses a tipping point, the only way to further increase profits is to exploit, rather than serve your market. So you engage in monopolization, rent-seeking, and so on.

This is how business has always worked. This is an entirely predictable outcome of basic human nature. It should not be surprising at all. Nor, for the most part, should it be upsetting. We should simply expect that once the businesses get huge like this, we will have to either break them up or heap some government regulation on them in order to protect ourselves from them. We will *always* have to do this, so, let's get busy.
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