I don't understand why people can't make the logically necessary step to conclude that capitalism promotes cartels because there are profits to be made in cartels.

Capitalism always results in monopolies and cartels. This was known 100 years ago and it is still true now, just not as publicized. I wonder why...

> This was known 100 years ago and it is still true now, just not as publicized. I wonder why

Economics education in America sucks. (Along with civic, legal and other education. Not for cynical reasons, but because we treat schools as job centres and day care.)

The housing debate reflects a base inability to grasp supply and demand. The antitrust debate, market failures.

Economics takes a modicum of effort to grasp. In the TikTok world, it’s easier to justify laziness by spouting nonsense about economics assuming everyone is rational or whatnot. (This confers a massive advantage to those who know what they're talking about. And perhaps this is part of what's driving the elite disparity in American today. Renters will happily protest for their landlords against new developments.)