I am a capitalist. But I feel most capitalists are shortsighted. The problem isn’t a person being wealthy. It’s a person capturing a market and making competition impossible.

The problem with most analysis about capitalism is that it fails to appreciate that, over time, capitalism will destroy itself as winners capture the market, stifle competition, and the very ecosystem that created their wealth in the first place.

If you love the benefits of capitalism: the price setting function, the innovation, the broad wealth creation, you have to prevent the accumulation of market power that leads to monopolies or you will watch as the market evaporates and monopolies turn into aristocracy and collapse