Submitted by TuvixWasMurderedR1P t3_yd1jb3 in philosophy
kgbking t1_itts9pd wrote
Reply to comment by InnateAnarchy in Peter Singer Is the Philosopher of the Status Quo by TuvixWasMurderedR1P
> they heavily favored the Titans of the industries and Greatly hindered the smaller companies.
Yes I am in agreement with you. The large corporations definitely benefited while the small businesses suffered.
>I did not mean to imply any value judgment on the covid restrictions,
Alright, my apologies. I wrongly ascribed a normative judgement to you. I believe I ascribed that judgement because during the pandemic I met a lot of people who advocated lifting all restrictions due to the restrictions harming some businesses while benefiting others.
>As for capitalism, ultimately there hasn’t been any company that’s infallible through time. Even something like Amazon isn’t infallible. So on the side of the companies, I don’t think theres any proof of a company that’s lasted long enough to accumulate to the point of true monopolization.
Yes, I agree. I think 'monopolization' is too strong a word for what I was trying to convey. The phenomena I was attempting to describe was merely the decreasing competition and increasing oligopolic market structure. The global market structure is increasingly taking the form of an oligopoly where a fewer number of firms disproportionally capture the majority of the market share. I think capitalism naturally moves in this direction.
Orngog t1_ittu6oi wrote
>while the small businesses suffered
So be it.
Viewing a single comment thread. View all comments