What actually happens is that when a company has great products that everyone wants, the owner makes millions and buys other companies with great products that everyone wants and makes millions more...then buys other companies that make great products...

Pretty soon you have a multinational conglomerate with a billionaire at its head and thousands of workers being exploited worldwide. What you get is Chinese sweatshops flooding the market with not so great products that no one really needs and nobody's standard of living is getting raised except the corporate investors and the billionaire at the top.