The guy "ruthlessly destroying the competition" is greedy and evil. He's not creating jobs, he's destroying jobs that already existed and moving fewer people into his circle of control. You can make huge profits and not be evil, but ruthlessly destroying the competition is definitely evil.
I am leaving out unfair competition from outside countries that our leaders allow into our countries for this counterpoint.
Well this is wrong on many levels:
1) You could NEVER prove there are less as a result of the first guy going out of business.
2) When a business is outcompeted and closes and fires all of their employees, their customers still have to keep on buying. Not only do they have to keep on buying, they have to keep on buying at the same rate or at an increasing rate because that is what American consumers have done for the last 100 years. You are wrong merely by the definition that when one business goes away, consumers just shift their purchasing power to another business that needs to hire the labour or has better production technologies to fulfill that demand.
2) You presume that the guy that went out of business was actually competent. This is SOOOOOOO FAR from reality of running a business it is really difficult to imagine. 100% of all businesses that are outcompeted are outcompeted LEGALLY. They were outcompeted on price. On quality. On willpower. On talent. The amount of illegal maneuvers that are low risk is so low hat it's mostly fantasy. Ask any business owner.
// EDIT: Edited out the personal attacks. Not necessary. Apologies, anything that smells of communism gets to me a bit still.
>The customers have to keep on buying.
No they don't. Unless you're talking about food or fuel, and even then people can change their habits to some extent.
>Anything that smells of communism
Like crushing competition and consolidating everything under one person?
No customer gives a fuck about a business disappearing. They don't have to BUT they WILL continue buying at the same rate + ever increasing historical consumption rate. This is just a fact. We may not like it but Amazon and Walmart keep on growing no matter how many business they take out. Customers just don't care.
As for your consolidation argument, well, there is a conversation to be had there. At no point has it been established that legally growing your business is somehow evil.
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