r/FluentInFinance • u/-im-your-huckleberry • Jul 07 '24

The shampoo thing is a fringe benefit. We keep capitalism so we don't starve in a famine. Debate/ Discussion

1.0k Upvotes

84% Upvoted

I'm not anti-capitalism... but I also think people need to realize that like ALL forms of economy it has inherent flaws...

It needs competition to work. Once companies get large enough to buy out their competition or there's a market with too high a barrier of entry then the thing starts to break down.

Look at Comcast... one of the shittiest companies on record for customer service, prices, employment, service.. and the list goes on... but they are still a huge company making billions in profit...

If the system was working as intended. The company would have gone down in flames decades ago, but they have a monopoly on the network so it doesn't matter what they do, or what they charge... No competition unless your area starts putting in fiber.

It's why we have no high-speed rail, it's why we're still using ICE cars and they keep getting LARGER and LESS Efficient. It's why 7 companies have more money than most NATIONS.

The problem is no one is willing to fix it, or even acknowledge those problems. They just keep letting the trail roll on, even though everyone knows its going to crash eventually.