On Fri, Aug 13, 2021, 8:21 AM professor rat <[email protected]> wrote:
> Braudel argued that capitalists have typically been monopolists and not, > as is usually assumed, entrepreneurs operating in competitive markets. He > argued that capitalists did not specialize and did not use free markets, > thus diverging from both liberal (Adam Smith) and Marxian interpretations. > In Braudel's view, the state in capitalist countries has served as a > guarantor of monopolists rather than a protector of competition, as it is > usually portrayed. He asserted that capitalists have had power and cunning > on their side as they have arrayed themselves against the majority of the > population > > https://en.wikipedia.org/wiki/Fernand_Braudel It's nice to hear of this viewpoint. Maybe I should find other people who believe this. I wonder how the viewpoint rests with the financial freedom crowd. >
