Concept of competition as an equalizing and innovating force, when the result of competition is continual consolidation of enterprise into fewer and fewer hands
This is a good one. Liberals use "innovation" as a justification for capitalism and market economies, and capitalism does facilitate that to some extent, but once a technology/product becomes perfected, "competition" just leads to consolidation/monopolization of production, as some companies beat out or buy out others and are able to take advantage of economies of scale.
This is a good one. Liberals use "innovation" as a justification for capitalism and market economies, and capitalism does facilitate that to some extent, but once a technology/product becomes perfected, "competition" just leads to consolidation/monopolization of production, as some companies beat out or buy out others and are able to take advantage of economies of scale.