29 min
What does Richard Wolff gets wrong about monopolies? Episode 37 The Golden Question Podcast
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- Government
In this episode, we attempt to counter Richard Wolff's argument that Capitalism will always lead to monopolies. I first define my terms to establish what we exactly mean by monopolies. I then explain how competition is factored in and how the resulting economic system in fact does not result in monopolistic conglomerates, but instead, a variety of different companies offering different goods targeting different market segments.
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Support this podcast: https://podcasters.spotify.com/pod/show/thegoldenquestion/support
In this episode, we attempt to counter Richard Wolff's argument that Capitalism will always lead to monopolies. I first define my terms to establish what we exactly mean by monopolies. I then explain how competition is factored in and how the resulting economic system in fact does not result in monopolistic conglomerates, but instead, a variety of different companies offering different goods targeting different market segments.
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Support this podcast: https://podcasters.spotify.com/pod/show/thegoldenquestion/support
29 min