Actually, in a truly free market this could happen. The problem is that it's not a free market. The government picks and chooses what is and isn't allowed to be a monopoly or oligopoly.
We have laws to stop monopolization because collectively people agreed that monopolization stifles the economy and innovative growth of technologies, and narrowly points those growths towards a more narrow funnel than what it would in a free market with protections.
It may, or may not. Without laws to prevent monopolization, for example, in a truly free market, would that have stopped insanely large companies from buying up smaller ones?
Amazon, for example. While they exploited laws in their favor and benefitted immensely, where they got now was an eventuality with their profits anyway.
Problem isn't capitalism though, as we are meant to manage capitalism in such a way to prevent companies from consuming all other companies working on the same types of products -- as was said, it's truly cronyism.
The so-called "free market" being at the whims of the government directly and exclusively is insane. Microsoft buying up game companies like mad, Disney buying out entire swaths of the media industry, all while the government that was instilled with the authority by the people to stop this instead aids this. Because they're in on it.
Actually, in a truly free market this could happen. The problem is that it's not a free market. The government picks and chooses what is and isn't allowed to be a monopoly or oligopoly.
We have laws to stop monopolization because collectively people agreed that monopolization stifles the economy and innovative growth of technologies, and narrowly points those growths towards a more narrow funnel than what it would in a free market with protections.
It could happen, sure. But I don't think it would last long.
It may, or may not. Without laws to prevent monopolization, for example, in a truly free market, would that have stopped insanely large companies from buying up smaller ones?
Amazon, for example. While they exploited laws in their favor and benefitted immensely, where they got now was an eventuality with their profits anyway.
Problem isn't capitalism though, as we are meant to manage capitalism in such a way to prevent companies from consuming all other companies working on the same types of products -- as was said, it's truly cronyism.
The so-called "free market" being at the whims of the government directly and exclusively is insane. Microsoft buying up game companies like mad, Disney buying out entire swaths of the media industry, all while the government that was instilled with the authority by the people to stop this instead aids this. Because they're in on it.