The Truth Caviar Show Episode 14: Monopolies, Oligopolies, and Freedom

On the brand new episode of the Truth Caviar podcast, we discuss the insidious effects of monopolies and oligopolies on our economy, democracy, and freedom; regulatory capture, revolving door, Big Tech, horizontal shareholding; corporate and government collusion; the rise of the Great Reset, totalitarianism, and the 21st century fascism; the midterm elections; and, as always, we connect the dots.

Podcast website: https://www.truthcaviar.com

Apple: https://podcasts.apple.com/us/podcast/truth-caviar/id1633108524
Google: https://podcasts.google.com/feed/aHR0cHM6Ly9mZWVkcy5idXp6c3Byb3V0LmNvbS8yMDA5NDk4LnJzcw
Spotify: https://open.spotify.com/show/6HuyqDFDKOARjTG11nN6h8

Capitalism is an economic system in which private enterprise competes in a free market. Competition is vital to maintaining a free market. Capitalism without competition isn't capitalism---it's an oligarchy. Competitive capitalism enables economic freedom. As Milton Friedman famously declared, “economic freedom is a necessary condition for political freedom.” In other words, without economic freedom, political freedom cannot exist. But capitalism that we see today is a far cry from the competitive capitalism that Milton Friedman defended.

Since the 1980s, antitrust enforcement has been virtually nonexistent and, as a result, market concentration has sharply increased. Today, many industries are controlled by, at most, a few large players---monopolies or oligopolies. The economic and political consequences of this market concentration of power are profound: less investment; lower productivity; less innovation; higher prices for consumers; lower revenues for suppliers and small businesses; lower wages and more wealth inequality; fewer jobs, higher unemployment, and lower labor force participation; withering of American towns and the American Dream; less localism and more centralization; low economic growth; corporate wokeness and crony capitalism; corporate and government collusion.

This enormous concentration of market power has fostered a culture of "regulatory capture," whereby a few dominant players cozy up to government regulators in an effort to rig the system and the rules---including lax antitrust enforcement that lowers competition and enactment of regulations that keep out new entrants---in their favor, and donate to politicians who then turn around and pass legislation favorable to them. We don't live in a democracy. We live in an oligarchy.

And remember: No bias. No bull. No fear. Just hard truths.

Podcast website: https://www.truthcaviar.com
Substack: https://truthcaviar.substack.com
Twitter: https://www.twitter.com/truthcaviar
Instagram: https://www.instagram.com/truthcaviar
Rumble: https://rumble.com/user/TruthCaviar
YouTube: https://www.youtube.com/channel/UCFNODTlmM_KykW1G6JTF6sw
Buy us a coffee: https://www.buymeacoffee.com/truthcaviar
GoFundMe: https://www.gofundme.com/f/help-us-make-a-world-a-better-place

Vadim's Twitter: https://www.twitter.com/stat4real
Brent's Twitter: https://www.twitter.com/bmeastwood
Humans, Machines, and Data: https://amzn.to/3dmrVdk

The Myth of Capitalism: https://amzn.to/3DX4pwH

#podcast #podcasting #monopoly #monopolies #oligopolies #oligopoly #freedom #economics #politics #regulatorycapture #revolvingdoor #bigtech #thegreatreset #midtermelections