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this post was submitted on 21 May 2024
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Because that's how capitalism works without strong enough regulations. You need to grow every year, and at a certain point you can't really do that without expanding into a new market or buying a competitor.
In exaggerated capitalism, one company grows until it owns everything. Its goal is to extract as much as possible from the population.
Never one company.
Usually three companies will end up owning an imdustry. It's far easier to manage a collusive oligopoly than a pure monopoly; and the governments are more likely to leave you alone.
No such thing as strong enough regulations. They'll alway find a way as long as there is motivation to do so.