this post was submitted on 27 Jun 2023
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The natural result of unregulated capitalism is something that mimics a monopoly. Monopolies are illegal in my town; I can't open an ISP because of capitalism.
It's not at all natural, and would not have happened if government didn't step it to create a "regulated monopoly".
Fast food, gas stations, supermarkets, etc are all unregulated^1^ and there's countless offerings there. That's capitalism. This is crony capitalism. These companies work with the government to lock out competition.
1 - Yes, these industries have regulation, but there's no regulation whatsoever on opening an identical business next to an existing one. We see it all the time, a lowes next to homedepot, burger king next to mcdonalds, etc.