Quote:
Originally posted by Radioactive Man
Pan Am and Republic Airlines must be feeling pretty upbeat about life, too, eh? |
Both died capitalist deaths and were absorbed by their more successful, oligopolistic competitors. (Republic by Northwest, wasn't it?). That ain't reproduction, it's cannibalism.
And that's how it goes with capitalism: barring some intervening force (see government), wealth gets concentrated into ever fewer hands. Any semblance of a free market ultimately requires government intervention of some sort.
To stay with the airline example, the present concentration of the US airline sector into ever fewer hands was triggered by deregulation and has been going on ever since.