The market abhors competition. The free market, absent government regulation, will always trend towards anticompetitive consolidation because it's far more profitable.

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Gormo an hour ago | parent | next [-]

Individual participants in the market may abhor competition, but the market itself is made of competition.

Government intervention is the principal mechanism by which powerful participants restrain other partipants' market activity, and insulate themselves from competition.

	▲	Arainach 36 minutes ago \| parent [-]
		This (being made of competition) has never happened in practice. What happens in practice is that one or a small set of participants become big enough to shut others out through all sorts of tactics including locking suppliers and customers into exclusive contracts, buying out competitors, paying for ads and headlines about customers, etc., etc.

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komali2 an hour ago | parent | prev [-]

Cory Doctorow wrote about this: "Capitalists Hate Capitalism"

> Capitalists hate capitalism. They don’t want to be exposed to the risks entailed by competition, and feel the goad of that insecurity. They want monopolies, or platforms, or monopoly platforms. They want assets, not businesses.

https://locusmag.com/feature/cory-doctorow-capitalists-hate-...