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Reply #5: Capitalism it it's pure form is anti-market since it give consumers power.
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Odin2005
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Thu Mar-09-06 05:35 PM
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5. Capitalism it it's pure form is anti-market since it give consumers power. |
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This is why the robber barons of the late 1800's wanted monopolies, compitition is bad for profits because it forces a business to keep prices as low as possible and to "waste" money on innovation in order to compete. Capitalists would ideally want to join together an form an oligarchic corporate government with a command economy so the consumer wouldn't have any control over how much the government-corporation charged for goods and services. A totally free market is a market that self-distructs.
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