J Lou on Nostr: monopoly is more inefficient simply because there is no check that the monopoly is ...

monopoly is more inefficient simply because there is no check that the monopoly is doing things efficiently because there are no other providers to compare quality and price to.

Exploitation exists because it is more difficult for poor majorities to cooperate to protect their interests than corrupt concentrated wealthy interests to coordinate. Contra-#Marx #capitalism is deeply inefficient at producing much of the goods that matter like public goods.