this post was submitted on 28 Jun 2025
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Your critical analysis of capitalism is spot on. Monopoly is definitely more efficient than competition.
But your solution is incorrect. Socialism is not the answer. For one thing it still uses a monetary faith based currency system. And more importantly it's literally never worked.
I'll ask you what I ask everyone I encounter that attempts to support socialism: which socialist country past or present would you like to live in?
If this is true, then the only solution is to have strict anti-monopoly laws that give newcomers a level playing field, and powerful and impartial regulators to enforce these.
But I'm not even sure that socialism has never worked. The USSR moved more people out of poverty than any other country from around 1920 to 1950, and since then that position has gone to China. The USSR also industrialised a backwards country despite two world wars, and sent the first satellite, man and woman to space. China now leads the world in reforestation, the production of solar panels, batteries and high-speed rail (well, any manufacturing in fact), and quantity of scientific research. So there are facets where 'socialism', however mangled and compromised, can excel. If socialist policies (not full-scale revolutionary communism) can be done by a democratic government, there is no reason to think that the benefits would be even greater.