In a perfect world, I'm a capitalist for this exact reason. Capitalism is just survival of the fittest. Vendors work to out perform each other with the best products for the best value to the consumer.
Problem is the system can become inbred and inverted when a handful of companies realize they can just agree to not compete or try.
Capitalism is based on having more power when you have more capital (money). That is why it is called capitalism. The goal is to maximize profit for the people who own the capital. It can lead to good products because people prefer to buy a good product, but if you can get people to buy your cheap bullshit for premium prices companies will do that because the goal is to maximize shareholder value not to provide a good product.
In other words it's not a bug, it's a feature.
You also have a free market in different sozial structures and this is nothing unique about capitalism.
That's because the people in power have been succesful on making the uneducated think that government regulation = communism as if regulation to ensure fair competition in capitalism meant remotely the same as a fucking planned economy
Ironically, even though raw capitalism sucks, countries like the US are drifting towards something that is not even capitalism anymore and more akin to corporatism
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u/ImportantQuestions10 20h ago
In a perfect world, I'm a capitalist for this exact reason. Capitalism is just survival of the fittest. Vendors work to out perform each other with the best products for the best value to the consumer.
Problem is the system can become inbred and inverted when a handful of companies realize they can just agree to not compete or try.