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Without the government regulations, which establish barriers of entry, nobody can form a monopoly.
What barriers of entry did the government put in place that lead to the monopolies of businesses like Standard Oil, or Amazon, Microsoft, etc? Explain...
Society is not created to grossly enrich a select few. Those who benefit greatly from the structure of our nation should contribute more back into it, as it allowed them to accumulate riches that would make Egyptian pharaohs jealous. The pity for a billionaire paying the same tax rate as someone making 100k....I don't see where it comes from.
You can't ignore the racial aspect of it as well. Lee Atwater was good at his job. It isn't just about thinking that reading Rich Dad/Poor Dad and listening to Rush Limbaugh will make them rich. Lower middle and middle class white right wingers have this world view where poor black people and illegal aliens are receiving every penny of the often meager federal income taxes they pay out. That isn't an accident, it's exactly what the Reagan and Bush campaigns wanted people to be convinced of..and it's worked. There are at least a dozen would be robber barons on this site who regularly post about "the takers" and "deadbeats" etc. There is no way all of these guys are doing that well. It's just part of the team sports mentality of politics, and these dopes are the result of Atwater's Southern strategy, that also has worked in the Midwest and all over the country.
Correct.
It’s a remarkable fact that many poor and working class white people consistently vote against their own interests. Why? Because they see racial equality as a bigger threat than extreme wealth concentration.
What barriers of entry did the government put in place that lead to the monopolies of businesses like Standard Oil, or Amazon, Microsoft, etc? Explain...
Who competed Standard Oil out of business? Remember, Standard Oil had 90% of oil production at one time.
Also, what's wrong with a company has a large share of the market?
Who competed Standard Oil out of business? Remember, Standard Oil had 90% of oil production at one time.
And it got to that point because there was no regulation or oversight in place to keep tabs on its predatory business practices. Thus allowing Standard Oil to eliminate the ability of rivals to compete in the marketplace. By not allowing them the ability to transport their products to market. The only way this process was reversed was through government intervention via the Sherman Act and others.
Quote:
Originally Posted by lifeexplorer
Also, what's wrong with a company has a large share of the market?
Lack of competition in the marketplace...which in turn leads to a drop in quality of goods, bloated prices, stagnation of innovation, stagnation of quality improvement, etc....
Society is not created to grossly enrich a select few.
Most people agree with this but unfortunately we don't get to vote. Politicians have term limits and are visible entities so they come and go and to an extent we have some control over there. The same cannot be said about the 1%. To them, society is definitely created to grossly enrich a select few. That would be their motto. So much so, they have created a master plan to ensure they are in control of the entire planet and we pawns continue to be their slaves.
The Deep State does exist. Here's a great vid that dives deep into this topic. It's an eye opener! Highly recommended watch.
Exactly what is wrong with concentration of wealth?
Quote:
Originally Posted by Fisherman99
The average American CEO makes 287 TIMES MORE than the average worker...biggest income disparity gap in the WORLD.
TRANSLATION: I have no idea how to answer your question, and can't figure out if anything is wrong with concentration of wealth. But I hate it anyway, so I'll keep complaining and whining every time somebody makes more than I do whether he's doing any harm to anybody or not.
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