How in the Heck Could We Allow This to Happen!? (unemployed, Reaganomics)

[313Weather]

And yet some people still think it's TOO MUCH government that's the problem...

10 Corporations Control Almost Everything You Buy
[MOD CUT]

[TheHurricaneKid]

Free Market. Duh.

[Frozenyo]

The Corporate States of America.

[Californian34]

Disturbing chart. We allowed this and other things that effect our health and the future of our children to hapoen, because we get too caught up in the "issues" the MSM wants to talk about.

[lucknow]

The country badly need a reincarnation of a "Trust busting" Theodore Roosevelt.

[Little-Acorn]

You were going to explain the problem with this.....??

[middle-aged mom]

These huge corporations are, for the most part, a compilation of former small businesses that became very successful and cashed out.

[OhioRules]

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.

[313Weather]

Originally Posted by lucknow

The country badly need a reincarnation of a "Trust busting" Theodore Roosevelt.

Yep (although it may be too little too late now).

Notice though the severe lack of "trust busting" during the 80s and 90s, when most of these mergers took place and "Reaganomics" was in full swing.

[313Weather]

Originally Posted by OhioRules

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?

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).