Re: Libertarianism – Not a Defence of the Rich - http://thebackbencher.co.uk/liberta...
"Your analysis is very wide of the mark. History is littered with big companies that had scale but were too inflexible to compete. The co-op used to be massive compared to its upstart competition, not so any more. Tesco, Asda and the rest all out competed it. Apple is bigger now than IBM. Small companies can compete on the free market because without the (dead weight costs of taxation and regulation imposed on them from the state) they can be more innovative, flexible and responsive. It is not the 1950s, rapid technological change favours the small and flexible over the large and inflexible more now than ever. The real problems with current capitalism are monetary (a global fiat currency regime that is creating global fictionalisation of the economy) and fiscal (taxation that favours the rich because it doesn't fall mainly on land). It is these monetary and fiscal reasons that capitalism currently moves wealth from poor to rich." - Adrian