Western style capitalism is theoreticaly supposed to promote competition.
In reality, what it ultimately promotes is collusion.
This happens for one very obvious reason --- money. It is more profitable to collude than to compete.
Collusion permeates the economy and everyone just accepts it --- including government.
For example, which is cheaper --- Coke or Pepsi? They effectively cost the same. Special offers, price increases, new product introductions are matched almost exactly or will be in very short order by the dominate suppliers.
Any real compeition is virtually non-existent between the 2 major producers of carbonated sugar water --- and this is just one example of which there are many more. Increasingly over time, any real competition mostly comes from external sources --- like China.
jqpabc123•9m ago
In reality, what it ultimately promotes is collusion.
This happens for one very obvious reason --- money. It is more profitable to collude than to compete.
Collusion permeates the economy and everyone just accepts it --- including government.
For example, which is cheaper --- Coke or Pepsi? They effectively cost the same. Special offers, price increases, new product introductions are matched almost exactly or will be in very short order by the dominate suppliers.
Any real compeition is virtually non-existent between the 2 major producers of carbonated sugar water --- and this is just one example of which there are many more. Increasingly over time, any real competition mostly comes from external sources --- like China.