“The only ‘fair’ is laissez-faire, always and forever.” ― Dmitri Brooksfield
Every person who think that their vote (in a representative democracy) matters, is a victim of the illusion of universal participation in the use of institutional coercion, that is, the state.
However, what makes the state different from other coercive entities, such as organized crime groups, is that it enjoys some form of popular legitimacy. In other words, in addition to enslaving its inhabitants physically, it needs to secure their mental servitude as well.
Economists of the classical school were right to define a monopoly as a government-grant privilege, for gaining legal rights to be a preferred producer is the only way to maintain a monopoly in a market setting. Predatory pricing cannot be sustained over the long haul, and not even the attempt should be regretted since it is a great benefit to consumers. Attempted cartel-type behavior typically collapses, and where it does not, it serves a market function. The term “monopoly price” has no effective meaning in real market settings, which are not snapshots in time but processes of change. A market society needs no antitrust policy at all; indeed, the state is the very source of the remaining monopolies we see in education, law, courts, and other areas.
Amazon is just another big company that benefits from corporatocracy.
Tell me how you don’t know the difference between corporatocracy and capitalism without telling me how you don’t know the difference between corporatocracy and capitalism.
I’d prefer the term statism, but I agree with you.