Re: Capitalism and immorality

That's what the term means. It's an unavoidable monopoly. You can always go to a socialist country instead if you can get a passport in time before you die.

Monopoly is not unavoidable. If this is the case, counties and dynasty will last forever rather than fade into history and being replaced by a better managed country/dynasty.

Very true. Many monopolies only last a few normal human lifetimes. I'm glad your immortality is working out for you.

Technology advancement speed up the process of downfall.

Technology progress creates monopolies. Look at mining pools. The superior efficiencies give the most payout, that's how monopolies are born. Oil companies may change names, but the same families are running the companies for many decades. Companies like TI and IBM own so many patents, they monopolize technology development. Revolution speeds up the process of downfall, but we're a long way from that.

Monopoly is fine if the company is providing an efficient and superior service.

Well the main problem lies with the fact that when there is an actual monopoly the incentive to continue to provide an efficient and superior service fades away. You can't exactly have superior service if there's no longer anything else to compare it to. And since there is no longer an alternative efficiency becomes irrelevant for the monopoly.

When there's no longer an efficient monopoly, more efficient players should enter the market.

The problem comes when the monopoly takes steps to block or create barriers to entry that make entering the market difficult.

Then it wouldn't be a free market would it. And who is able to make barriers of entry other than regulating governments.

if people would understand one thing is that inequality comes from the thing that pretends to alter it, government and regulation.