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And thanks to the effects of QE2 or 3, most of these corporations are quietly going private. They are using the hoarded cash to actively buy out shareholders. I read an article recently about how ebay was making offers to shareholders who desired more socially conscious leadership as much as $250/share to "go away". Ebay has a $58, 52 week high. My former company Jack, has offered shareholders who won't give management a blank check, as much as a 10% stock price buyout premium to "go away"
Your cherished big government has set up the environment for these companies to expand to the extent that they have.. What you are complaining about is your governments doing..
Maybe if we got rid of all the unnecessary taxes and regulations imposed by government on corporations some smaller ones could use the extra resources to grow market share. And some new companies could start from scratch. Big companies love regulations. They can absorb the extra costs and the small cannot. Government creates monopolies. It does not bust them.
Ever wonder why we haven't seen a new car company start in the U.S. in decades even though we have thousands of unemployed engineers and auto workers in Detroit? Good luck raising enough capital to get past all the initial government imposed rules.
If you want more government you want private-sector monopolies and should not complain when you have less options in the marketplace.
I think all progressives should be forced to take a basic economics class. Very basic.
Your basically saying we need more trickle down economics trickle down economics is the signal biggest lie republicans have ever told it is 1million% bs
While we've all acknowledged that this is somewhat an alarming fact, we also must think of ourselves in these positions. Personally, if I we're a shareholder in say Time Warner, I would want us to purchase all the competition, that's only natural, I'm sure you'd feel the same way if you owned a business. Now while many of us are on the same team in regards to breaking up the big banks, personally, I don't mind the big food and media organizations being interconnected as they are, it's only the banks that I'm worried about. I'm sure if you owned a business such as Pizza Hut and a mega-corporation asked to purchase your business for a few billion dollars, you would sell out as I would, the only thing I probably wouldn't sell to a major corporation is a business that is totally revolutionary and can bring in much more profits than a corporation is offering.
There's no possible way for a new company to compete with these mammoth corporations, even if there were no government regulations. Try reading up on the history of Standard Oil for example.
As another poster stated, the problem is we failed to enforce our anti-trust laws (the government "overlooked" these mergers, which in itself screams the lack of regulation).
1. Regulation costs money. Corporations hate government regulation.
1. Regulation costs money. Corporations hate government regulation.
2. How can you employ regulation when corporate America not only receives subsidies from Uncle Sam, but their lobbyists are in Washington buying politicians?
Your two points are contradictory. You start off by saying corporations don't like regulations, but then you say corporations own politicians. The politicians are the ones that create and pass the bills. The bills mostly include regulations in them.
So either your #1, or #2 is false. Which one is it?
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trickle down economics is the signal biggest lie republicans have ever told it is 1million% bs
