America Is Not The Land Of The Free But One Of Monopolies So Predatory They Imperil The Nation

Nov 2012
11,231
9,516
nirvana
The US economy is becoming increasingly harmed by ever less competition, with fewer and fewer companies dominating sector after sector – from airlines to mobile phones. Market power is the most important concept in economics, he says. When firms dominate a sector, they invest and innovate less, they peg or raise prices, and they make super-normal profits by just existing (what economists call “economic rent”).

So it is that mobile phone bills in the US are on average $100 a month, twice that of France and Germany, with the same story in broadband. Profits per passenger airline mile in the US are twice those in Europe. US healthcare is impossibly expensive, with drug companies fixing prices twice as high or even higher than those in Europe; health spending is 18% of GDP. Google, Amazon and Facebook have been allowed to become supermonopolies, buying up smaller challengers with no obstruction.

This monopolising process gums up everything. Investment in the US has been falling for 20 years. Because prices stay high, wages buy less, so workers’ lifestyles, unless they borrow, get squeezed in real terms while those at the top get paid ever more with impunity. Inequality escalates to unsupportable levels. Even life expectancy is now falling across the US.



 
Feb 2018
1,507
886
Oregon
We are in the era of monopoly capitalism. In this usage, it does not mean one company operating without any competition in a market. Rather, it means the market is monopolized by a handful of companies that can logically be shown to collaborate on many details of their niche, most notably on prices. It also includes reference to corporations that own numerous subsidiaries which dominate their own market, like Koch Industries does.

During this period of capitalism, --which marks its final period of ultimate decline into totalitarianism, --the conditions of the population deteriorate, and it happens more and more rapidly as it progresses. Their apparent greed increases as the insatiable monopolies compete for a larger and larger share of the revenue that flows from "commerce", which is to say "the income and assets of the public". Thus poverty increases and the middle class shrinks. This is what we are seeing today.

Corporations cannot sell everything they can produce, so there is little or no interest in investing or hiring to boost productivity. Instead, profits go into investments in real estate, stock buy-backs, and other non-productive assets. The drive, then, is to suck as much of the money out of the economy as they can. Notice recent changes to your major grocery stores and brick-and-mortar stores. If they can't shift business to online shopping and close their stores, then they are stripping the frills out of their stores, installing new check-out processes, and laying off workers as your grocery stores are doing. There, and in stores like Walmart, checkout stands are being removed and self-checkout stations are being increased, all managed by 2 or 3 employees instead of 10-20.

Worse yet, the major shareholders of these businesses, meaning the CEOs and Board members and their families, are now internationalists. They don't care whether they live in the USA, Russia, Britain, or New Zealand, so they have little concern regarding what becomes of the US or the American people. Their only interest is money and assets. So they have zero interest in solving problems here, keeping the order, preserving education, improving healthcare, or anything else that is important to anyone who lives here. In fact, I have "inside information" from top economists in major corporations that the top elite is buying up acreage in places like New Zealand and building fortified self-contained compounds that include laundry, medical facilities with top medical professionals to live there, chefs and staff, movie theaters, entertainment from tennis to horse riding, and of course well-armed guards with military training, where the top elite plan to hunker down and ride out the huge and very deep crash they see coming soon.

A wise population will abandon dependence on the top 0.1% and their corporations and will instead begin to build a new America based on worker-owned smaller businesses, home-grown industries like alternative energy manufacturing and installation, and would install progressive politicians who will be dedicated to building this new America.
 
Aug 2019
896
852
Albuquerque, NM
The US economy is becoming increasingly harmed by ever less competition, with fewer and fewer companies dominating sector after sector – from airlines to mobile phones. Market power is the most important concept in economics, he says. When firms dominate a sector, they invest and innovate less, they peg or raise prices, and they make super-normal profits by just existing (what economists call “economic rent”).

So it is that mobile phone bills in the US are on average $100 a month, twice that of France and Germany, with the same story in broadband. Profits per passenger airline mile in the US are twice those in Europe. US healthcare is impossibly expensive, with drug companies fixing prices twice as high or even higher than those in Europe; health spending is 18% of GDP. Google, Amazon and Facebook have been allowed to become supermonopolies, buying up smaller challengers with no obstruction.

This monopolising process gums up everything. Investment in the US has been falling for 20 years. Because prices stay high, wages buy less, so workers’ lifestyles, unless they borrow, get squeezed in real terms while those at the top get paid ever more with impunity. Inequality escalates to unsupportable levels. Even life expectancy is now falling across the US.



Yup, and what's worse, SCOTUS and congress by passing the America Invents Act lobbied hard by the giant corporations, particularly Google, Apple and the likes made it easier to kill patents. Patents are the only thing that allow any of the small guys and entrepreneurs to get any market share. These big companies just want to steal the technology and squash the patent so they can continue complete market dominance
 
Dec 2019
50
22
Florida
Just need to execute existing Anti-Trust laws...not gonna happen this administration!


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