[AtlasBarfed]

When you simply have cartels and monopolies across all sectors of the economy, there is no incentives to hire more people to pursue and compete, and and no avenues for new companies to enter the market and compete.

Instead, these companies simply optimize their costs. Which ultimately will be labor. And then rent extract as much as possible from the economy. And then rent extract as much as possible from the economy

All of that rent extraction goes to the super rich