Capitalism requires competition, not monopolies

Posted on: February 26th, 2018 by rgadmin

“How would we feel if one company controlled 92 percent of the global construction and engineering trade? Or 92 percent of the world’s paper and forest products? Would we worry that their power and influence had breached a reasonable threshold, or would we just think they were awesome innovators, as we do with Google?”

No matter how you feel about Amazon, Apple, Facebook, Google, and government regulation, you should read this Esquire article. Scott Galloway offers a look at how powerful these companies have become and explains why he believes the four biggest tech companies should be broken up.

Long story short?

“A key part of a healthy economic cycle is pruning firms when they become invasive, cause premature death, and won’t let other firms emerge. The breakup of big tech should and will happen, because we’re capitalists. It’s time.”

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