An argument in favor of capitalism as an economic system is its competitive nature makes it impossible for anyone to dominate the market. A look at how capitalism works, however, finds nothing about capitalism that discourages monopoly and several factors that encourage it.

0:38 competition creates monopoly
7:36 laws create monopoly
14:36 war creates monopoly

Sources:

The Origin of Capitalism: a Longer View by Ellen Meiksins-Wood (I suggest accessing this and all other books I cite on this channel for free through Z-Library. You can sign up here: [ Ссылка ]. I know it looks like they’re my sponsors but it’s just a great site for free books.)

The Triumph of Conservatism: a Reinterpretation of American History, 1900-1916 by Gabriel Kolko

The Corporate Ideal in the Liberal State: 1900-1918 by James Weinstein

Prof Richard Wolff on how competition leads to monopoly: [ Ссылка ]

The Iron Fist Behind the Invisible Hand by Kevin Carson: [ Ссылка ]

The state’s many monopolies by Charles W. Johnson: [ Ссылка ]

Creative destruction: [ Ссылка ]

The FTC and states-attorneys-general’s report alleging Amazon is a monopoly: [ Ссылка ]

“What’s good for GM is good for America”: [ Ссылка ]

Big corporations aren’t incentivized to innovate: [ Ссылка ]

Why insulin is so expensive: [ Ссылка ]

Timeline of major famines in India during British rule: [ Ссылка ]

OpenSecrets: [ Ссылка ]

Structural violence: [ Ссылка ]

Structural adjustment: [ Ссылка ]

War Is a Racket by Smedley Butler: [ Ссылка ]

How the War on Drugs explains the state: [ Ссылка ]

A transcript of this video is available at [ Ссылка ]

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