That is precisely it: for a hardcore capitalist the idea of having to compete only on price and quality is horrifying.
If you can't have maintainable moats, rent-seeking environments, or bought regulators/lawmakers, what's the point?
If you can't have maintainable moats, rent-seeking environments, or bought regulators/lawmakers, what's the point?
What capitalists fear is a competitive or perfect market. But you'll never see anything close without strict policing of firms.