*** In the nineteenth century, criticism of capitalism emphasized abuses of business practice. Aside from Marxist views of the exploitation of workers by capitalists, monopoly was seen by many as a natural consequence of unfettered capitalism.
Even earlier, Smith had weighed in with his oft-quoted insight that "people of the same trade seldom meet together, even for merriment and diversion, but the conversation ends in a conspiracy against the public, or in some contrivance to raise prices.