It is the nature of capitalism to extract the maximum profit, regardless of the cost of production or the needs of the customer.
It is the nature of capitalism to extract the maximum profit, regardless of the cost of production or the needs of the customer.
That is a why it needs to be regulated.
In Canada, it is regulated and the company has not been allowed to maximize the price.
If China were not messing around in the Spratly Islands, if the Philippines had total jurisdiction to this area, I think it would be likely that the Philippines would also be almost as likely to be drilling for oil and messing up the ocean floor as China is doing. The same is true of Vietnam.
But this is not really a matter involving capitalism and monopolies.
There is definitely a role for government in business, but it is not the role of boss or owner this just makes the government part of the crimes that happen.
The proper role of government in business is as referee in the game , not choosing the winners , just preventing cheating.
I remember the beef industry trying to say the tumors in meat are harmless to eat. Say FDA was excessive i its regulations. Of course it backfired because who the hell wants to eat tumors.