-
Karl Marx laid it out pretty well in his warnings about monopoly capitalism.
FORBES: Karl Marx Explains The Problem With The Apple, Google No Poaching Conspiracy Allegations
-
The bad things in his projections happened when there was no competition for access to the labour, when we had monopoly capitalism.
FORBES: Putting Foxconn's Wage Rises in Context
-
We can get to monopoly capitalism by there actually only being one employer (as in, say, a company town, a reason why company towns are so often awful) or by all of the employers colluding with each other.
FORBES: Karl Marx Explains The Problem With The Apple, Google No Poaching Conspiracy Allegations
-
The first is when we have monopoly capitalism (what we would now call a monopsony, a word unknown in his time, a single purchaser of labour) and the second is when there is a reserve army of the unemployed.
FORBES: Karl Marx Tells Us About Chinese Manufacturing Wages and Silicon Valley Interns
-
Of course, he was entirely incorrect in his musings that monopoly was inevitable in capitalism: but spot on with why said monopoly would be undesirable.
FORBES: Karl Marx Explains The Problem With The Apple, Google No Poaching Conspiracy Allegations