Businesses seek to form monopolies so they can increase profits by maximizing prices
Competition tends to put a hard limit on what a business can charge, so as businesses—impelled by the Capitalist businesses must turn a profit for the owners in order to survive—become more powerful, they will always seek to eliminate competition and create monopolies so that they can charge consumers as much as possible to maximize company profits.
References
- NonCompete. Here’s why capitalism SUCKS! — and why it needs to end! part 1 (4:27). 2018, https://www.youtube.com/watch?v=8aHvA0KHXqM.