While I agree with the ideas you are expressing, I just want to amend your opening:
> If you give out monopolies, then this is what happens. Here's a simple idea to fix this: COMPETITION.
Monopolies aren't some market externality that only occur outside of capitalism (private ownership of the means of production).
Don't mean to split semantic hairs, but I just don't want to perpetuate the mainstream editorializing of "capitalism" into a buzz word meaning something akin to "for private corporations" and that privatization is always better for the market and society.
> If you give out monopolies, then this is what happens. Here's a simple idea to fix this: COMPETITION.
Monopolies aren't some market externality that only occur outside of capitalism (private ownership of the means of production).
Don't mean to split semantic hairs, but I just don't want to perpetuate the mainstream editorializing of "capitalism" into a buzz word meaning something akin to "for private corporations" and that privatization is always better for the market and society.