Capitalism has failed in a way. The free market was supposed to facilitate competition. But what we've seen is increasing consolidation, not competition. Most industries are dominated by a handful of players who gobble up smaller rivals, who, after raising millions in funding, are too happy for the exit.
All data shows the same: competition is being trumped by consolidation and its eventual end, cartelization
All data shows the same: competition is being trumped by consolidation and its eventual end, cartelization