RE: Why Capitalism is Win Win for everyone

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Why Capitalism is Win Win for everyone

in capitalism •  8 years ago  (edited)

I'm not sure if comment section is a place to just paste such super-long articles..

Anyway, saying that free-market leads to monopoly is outright lie.. Monopolies cannot happen or last long in free market because everyone is free to start a business .. the more profit an industry makes, more competition it attacts! The new competiton has incentive to sell goods for cheaper than the monopoly. . There will always be new competitors untill the rate of profit falls and is similar to other industries. .

P.S. If you're interested in thinking differently too then I highly highly recommended the book "Basic Economics" by Thomas Sowell. . It answers almost every issue you mentioned. :)

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Yes! Or Economics in One Lesson by Henry Hazlitt http://amzn.to/2sbnnJ6