Capitalism vs Competition: Why the Market Creates Monopolies - Economic Update with Richard Wolff

Prof Wolff explains how big monopolies always come from small businesses, and why concentrated economic power always wants to weaken the market and secure profits.

"The next time you hear some glib politician or some even glibber business man or woman tell you about the wonders of competition, you're entitled to sneer. Competition is what causes monopoly and oligopoly." - Richard Wolff

This is a clip from Economic Update: [S13 E09] Are Mega-Corporations Ruining Our World?

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