How does marx feel about monopolies?

Answer 1

Karl Marx viewed monopolies as a natural outcome of capitalism, where competition leads to the concentration of capital and the domination of a few large firms over the market. He believed that monopolies exacerbate social inequalities and exploit workers, as they can manipulate prices and reduce wages without the constraints of competition. For Marx, monopolies symbolize the inherent contradictions of capitalism, ultimately leading to its own downfall and the emergence of a socialist system.