Capitalism, unbridled, leads to monopolies which, in turn, strangle capitalism. In other words, this economic system, unregulated, contains the seeds of its own destruction. Consequently, even pure libertarians must concede that some form of coercive regulation has to be emplaced to prevent monopolies from developing and stifling the economic liberties of the individual.
Prove this assertion please!! IMHO, capitalism is merely the result of liberty - the free choosing of who, what or where to do commerce with, or not, as one sees is in his own best interest.
America had NO monopolies until Govt created them at industry's own behest to quash small competitors with the barriers to entry of regulation. This is NOT debatable, it is fact.
The reason they did this is that commodities were falling in price from competition to the taxpayer's good benefit for nearly the whole last quarter of the 1800's.
Why settle for non-guaranteed profits when they could prevail on Govt to give them the same deal as they saw their euro-counterparts & partners getting from the euro-dictators in the making?
Just like they copied state education, the better to propagandize us with.
And SS, the better to fund reelection slush funds with.
Graduated taxation, the better to instill class warfare and more Govt.
On and on it goes. We've adopted every pathetic central planners dream from the euro-statists that we eventually had to go to wars to relieve them from!
Please see post 71.