> Conventional wisdom is that, in a free market, a single corporation will grow to rule everything. But that never seems to pan out.
The extreme scenario doesn't pan out - we don't end up with one eternal corporation that owns all capital. But certainly it pans out in a more realistic scale of size and time; there are and have been plenty of monopolies in many industries, and the overwhelming power and influence of large corporations, and the damage that power and influence does, is well documented.
The extreme scenario doesn't pan out - we don't end up with one eternal corporation that owns all capital. But certainly it pans out in a more realistic scale of size and time; there are and have been plenty of monopolies in many industries, and the overwhelming power and influence of large corporations, and the damage that power and influence does, is well documented.