View Single Post
Old 14-10-2012, 05:52 PM   #30
vancity eagle
Banned
 
Join Date: Oct 2010
Posts: 10,492
Likes: 4,419 (2,496 Posts)
Default

Quote:
Originally Posted by lu__ View Post
We must have different lexicons.
it appears we do



cap·i·tal·ism
   [kap-i-tl-iz-uhm] Show IPA

noun
an economic system in which investment in and ownership of the means of production, distribution, and exchange of wealth is made and maintained chiefly by private individuals or corporations, especially as contrasted to cooperatively or state-owned means of wealth

private individuals or corporations can have a monopoly. Nothing here that says capitalism cannot be a monopoly, in fact the very defenition of capitalism suggests monopoly.

mo·nop·o·ly
   [muh-nop-uh-lee] Show IPA

noun, plural mo·nop·o·lies.
1.
exclusive control of a commodity or service in a particular market, or a control that makes possible the manipulation of prices. Compare duopoly, oligopoly.

2.
an exclusive privilege to carry on a business, traffic, or service, granted by a government.

3.
the exclusive possession or control of something.

4.
something that is the subject of such control, as a commodity or service.

5.
a company or group that has such control.
EXPAND




I dont see how Capitalism is an antonym to Monopoly, it isn't. Capitalism doesnt have to be a monoply but it can be. Look closely at the defenition. By the very defenition of Communism or Collectivism a monopoly cannot exist.

Last edited by vancity eagle; 14-10-2012 at 05:54 PM.
vancity eagle is offline   Reply With Quote