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Defending Socialism: A Logical Critique of Capitalism

Rev Left Radio

CHAPTER

The Contradictions of Capitalism: Monopolies and Blind Faith in Markets

Exploring the inherent conflict within capitalism, this chapter focuses on the detrimental impact of monopolies on competitive markets and the blind faith some capitalists have in market self-regulation. It delves into the challenges faced in reconciling beliefs regarding government intervention in capitalist systems, particularly concerning the issues of monopolies and property rights. Additionally, the chapter raises awareness about neighborhood effects in capitalist markets, advocating for collective control and intervention to address negative impacts on society and the environment.

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