Too much capitalism does not mean too many capitalists, but too few capitalists.America is on the verge of losing its unique free market characteristics forever, putting the American Dream at risk.
Take Amazon, a burgeoning monopolistic behemoth which has a terrible track record of destroying small businesses who can’t hope to compete with its size and efficiency. But what takes the economic position of corporations like Amazon directly into the realms of the dystopian is that while they avoid paying massive amounts of taxes, they simultaneously take massive amounts of taxpayers’ money.
The government has effectively created a climate in which massive companies can continue to grow exponentially, monopolizing their markets in the process, while small businesses slowly die off one by one. Instead of breaking up monopolies in the medical or entertainment industries, the government taxes and regulates small businesses out of existence.
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Source: AP - 🏆 728. / 51 Read more »