FORWARD by Bob Barney:As a small manufacturer trying to compete against the giants out there that rape their customers with out of this world pricing,I see ruff times ahead for companies like ours. We don't have the millions, to buy off Congress, city officials and other government agencies and I think the dems in Congress will really go after small business like Jimmy Carter did. I think most forgot, or never knew how many small businesses were regulated out of business by Carter. It's bribery. The big companies pay the bribes, and the politicians pay them back with selective regulations designed to put the little guy out of business.
Today's Story: COMPETITION IS DYING AS BIG CORPORATIONS GOBBLE UP EVERYTHING
Vibrant competition is absolutely essential in order for a capitalist economic system to function effectively.
Unfortunately, in the United States today we are witnessing the death of competition in industry after industry as the biggest corporations increasingly gobble up all of their competitors. John D. Rockefeller famously once said that “competition is a sin”, and he was one of America’s very first oligopolists. According to Google, an oligopoly is “a state of limited competition, in which a market is shared by a small number of producers or sellers”, and that is a perfect description of the current state of affairs in many major industries. In early America, corporations were greatly limited in scope, and in most instances they were only supposed to exist temporarily. But today the largest corporations have become so huge that they literally dominate our entire society, and that is not good for any of us.
Just look at what is happening in the airline industry. When I was growing up, there were literally dozens of airlines, but now four major corporations control everything and they have been making gigantic profits…. MORE