Two cheers for capitalism

[Karl Semich]

On Fri, Aug 13, 2021, 8:21 AM professor rat <pro2rat at yahoo.com.au> wrote:

> Braudel argued that capitalists have typically been monopolists and not,
> as is usually assumed, entrepreneurs operating in competitive markets. He
> argued that capitalists did not specialize and did not use free markets,
> thus diverging from both liberal (Adam Smith) and Marxian interpretations.
> In Braudel's view, the state in capitalist countries has served as a
> guarantor of monopolists rather than a protector of competition, as it is
> usually portrayed. He asserted that capitalists have had power and cunning
> on their side as they have arrayed themselves against the majority of the
> population
>
> https://en.wikipedia.org/wiki/Fernand_Braudel


It's nice to hear of this viewpoint.  Maybe I should find other people who
believe this.  I wonder how the viewpoint rests with the financial freedom
crowd.

>
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