Economic Update: Competition and Monopoly in Capitalism

Partner Content Provided By:Economic Update with Richard Wolff
December 11, 2019

Capitalism's growing problems (inequalities, instabilities, unsustainability etc.) lead some defenders to argue that the cause is monopoly displacing competition in many industries. We disagree: Capitalism's history is oscillations between competition and monopoly, each causing the other. Capitalism is the problem, not its oscillating forms.

Capitalism's growing problems (inequalities, instabilities, unsustainability etc.) lead some defenders to argue that the cause is monopoly displacing competition in many industries. We disagree: Capitalism's history is oscillations between competition and monopoly, each causing the other. Capitalism is the problem, not its oscillating forms.

"The views expressed in third party content do not necessarily reflect those of The Real News Network or its editors."


maxresdefault (19)

Transcript Not Available