
MONOPSONY CAPITALISM: An interview with Ashok Kumar
A World to Win with Grace Blakeley
00:00
The Law of Competition Moves Capitalism in a Certain Direction
There's a kind of underlying law of competition. And that law of competition moves capitalism in a certain direction, and that direction is in the direction of monopoly or centralization. So there were mechanisms and legal frameworks in which these forms of monopoly were kept at bay - especially in the production process. But as those markets become more liberalized, these underlying logics, or these kind of e laws that marks talks about, become more cemented. As they become entirely unregulated, i mean, they work semi regulated.
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