While I am for a capitalistic free and fair market, look what power and greed lead to (Amazon, Walmart, investment firms, Airlines, legal, and anything else “Big 4” or “Big 6”).
The problem is the US has not had a free market in well over 100 years. The big corporations only stay that way by BRIBING the government to put in regulations/favors for them to make it impossible for small business to compete.
Why Amazon is Begging For Regulations: The Twisted Economics of Amazon | Economics Explained
https://www.youtube.com/watch?v=KPGZgujnVek
You should look up the origins of National Biscuit Company, or what is today known as NaBisCo. They originally started as a monopoly on COOKIE COMPANIES 😂.
A bunch of doughy big wigs of cookie companies over 100 years ago got together to own over 70% of cookie market. Once they had a monopoly they stopped production and increased prices of cookies.
Then EVERY GRANDMA came out of the woodworks and started their own cookie company. So they lost market share, profits, and production went down. Then they bought up major Grandma cookie companies until they had 70%+ market of the cookie industry again. They repeated the same cycle as MORE GRANDMA COOKIE COMPANIES got made and they had to buy them all again and again to maintain a monopoly. Then they had to sell out to a larger company.
I think they are owned by Kraft Foods now.
Here is their wiki
https://en.wikipedia.org/wiki/Nabisco
The point? Large corporations just can't hold monopolies of markets without government regulations. If they do hold a monopoly they have to be doing something REALLY GOOD for the market that will eventually dissipate to other companies. The only way corporations can hold a monopoly for a long period of time is with government intervention.
Also I agree that decentralization is a good thing, just disagree about the idea of capitalism causing bad corporations like Walmart and Amazon. Doesn't Amazon not pay US taxes through loopholes of moving their funds/profits internationally or grabbing up new industries? Small businesses have to compete while paying much higher % taxes than Amazon & Walmart. That is government intervention.
While I am for a capitalistic free and fair market, look what power and greed lead to (Amazon, Walmart, investment firms, Airlines, legal, and anything else “Big 4” or “Big 6”).
The problem is the US has not had a free market in well over 100 years. The big corporations only stay that way by BRIBING the government to put in regulations/favors for them to make it impossible for small business to compete.
Why Amazon is Begging For Regulations: The Twisted Economics of Amazon | Economics Explained
https://www.youtube.com/watch?v=KPGZgujnVek
You should look up the origins of National Biscuit Company, or what is today known as NaBisCo. They originally started as a monopoly on COOKIE COMPANIES 😂.
A bunch of doughy big wigs of cookie companies over 100 years ago got together to own over 70% of cookie market. Once they had a monopoly they stopped production and increased prices of cookies.
Then EVERY GRANDMA came out of the woodworks and started their own cookie company. So they lost market share, profits, and production went down. Then they bought up major Grandma cookie companies until they had 70%+ market of the cookie industry again. They repeated the same cycle as MORE GRANDMA COOKIE COMPANIES got made and they had to buy them all again and again to maintain a monopoly. Then they had to sell out to a larger company.
I think they are owned by Kraft Foods now.
Here is their wiki
https://en.wikipedia.org/wiki/Nabisco
The point? Large corporations just can't hold monopolies of markets without government regulations. If they do hold a monopoly they have to be doing something REALLY GOOD for the market that will eventually dissipate to other companies. The only way corporations can hold a monopoly for a long period of time is with government intervention.