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RE: A Message From the Chief Anarchist For the Anarcho Capitalist Peasants.
Absolutely, yes - there is no mechanism present to correct this within the basic process of commerce and trade. The main practical response I have heard from (a prominent anarcho capitalist on steem) to this is, ironically, along the lines of:
"Do you really think that the people will allow for such domination? They will stand up and rebel/revolt with force!"..
Oh, you mean like a communist revolution? lol
There is no mechanism to incentivize "stopping or reduction of accumulation". Where does it stop? If it's profitable, it never does. Why should it stop, what's the reward?
A good practical example is the Big 4 Telecom companies in the US who own all the cables and the rest of infrastructure. They are doing a bad job, but they have all the infrastructure and the cost of market entry is too high for anyone who wants to setup an independent ISP.
Yes, that is a pattern that applies in many industries, not least anything that involves a requirement for peer reviewed 'science', such as pharmaceuticals and to some extent even herbs and foods - since those who use their wealth to dominate move ever closer to shutting down trade and production of anything that hasn't gone through costly processes that mostly only they can afford.
Empire building is exactly that!