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connor11528 4 hours ago

america has a monopoly problem

rootusrootus 3 hours ago | parent | next [-]

Indeed if we could solve one thing with our gov't, I'd want it to be antitrust enforcement. For an ostensibly free market society we seem awfully willing to accept it being anything but.

stronglikedan 31 minutes ago | parent | next [-]

> For an ostensibly free market society we seem awfully willing to accept it being anything but.

We were, but it has devolved into crony capitalism. I don't think it's too late to revert, but I do doubt we'll ever get our shit together and fix it.

m463 2 hours ago | parent | prev | next [-]

I'd like corporations (bodies) to be prosecuted like human bodies, where bad behavior was noted, you got a record, and punishment increased through fines, restrictions all the way to forms of incarceration, and even the death penalty.

sellmesoap an hour ago | parent [-]

Alright, this week it's the marketing departments turn in jail, see you guys back here next week when it's HRs turn!

triceratops 28 minutes ago | parent [-]

On the bright side, an ironclad excuse to skip the team offsite /s

Straw 2 hours ago | parent | prev | next [-]

If you wanted to do the most to improve competitiveness possible, by far the most effective strategy would be free trade. Trade barriers prevent competition from overseas, making monopolies much easier to maintain.

mathgeek an hour ago | parent | next [-]

Sometimes yes, sometimes no. Depends on the barriers to entry as an example. An effective anti-monopoly strategy needs different tools at different times.

cogman10 an hour ago | parent | prev [-]

Free trade has little impact on monopolies. The biggest corporations in the US are international and the massive amount of free trade we've had from Reagan to Trump's second term has only resulted in these companies becoming even more consolidated.

What free trade enables is for monopolistic corporations to take control of foreign resources to circumvent and undermine US labor laws. They'll buy the rights to the same crops growing in Mexico or Candida for cheaper than the US to undercut US farmers. None of that changes the price they are selling goods in the US and in fact ultimately results in prices going up in both Mexico and Candida.

kibwen 3 hours ago | parent | prev [-]

Free markets tend to produce monopolies. You know how economies of scale are a thing? That's another way of saying that small companies lose to large companies at scale. "Disruption" or "agility" is the only thing that small companies have going for them, but once the monopolist gets large enough they can just buy up any upstarts and keep the market all to themselves forever. This is why you require governments to periodically shake the snowglobe and restore markets to competitiveness... until the monopolist gets big enough that they just buy the government, anyway.

pphysch 2 hours ago | parent | next [-]

Exactly. If you ask anyone on the street, "is it easier for a fast food worker or a business-owning millionaire to make their next million dollars?", common sense will prevail.

Money begets money (and power). It doesn't require an economics degree to understand this positive feedback loop.

Straw 2 hours ago | parent | prev [-]

No, governments tend to produce monopolies.

Can you find true monopolies in the free market, in the last 100 years, that have lasted for at least 20 years, without some kind of government backing/suppression of competitors? I only know of one.

Things only count as monopolies if they have monopoly pricing power; Google is not a monopoly, they cannot even charge 1 cent per search.

In practice, despite economies of scale, large companies age and become bloated, inflexible, etc. So there's typically plenty of room for new companies to compete.

If a monopolist buys all upstarts, then that creates an even stronger incentive to make competing businesses! You don't even have to succeed in the market, you just have to get bought up! The more they buy out, there stronger incentive there will be to enter the market. No one can do this indefinitely- except with some kind of government support- say a regulation that makes it difficult to enter the market.

cogman10 an hour ago | parent | next [-]

> Can you find true monopolies in the free market

Your definition of monopoly isn't what people are commonly talking about when they say "monopoly".

Granted, you have the correct definition, just not the colloquial one.

What people say "monopoly" what they are really talking about is industries captured by few big players. For example, grocery stores. There's not a true monopoly there but there is damage done by the fact that there's very little competition in that space. Both to consumers and product manufacturers. These big grocery chains use their leverage to get prices smaller chains can't compete with. Further, they have been trying to consolidate (see Kroger Albertsons merger) to further exert anti-trust behaviors.

A clear example of the damage done by this sort of hyper consolidation is what's happened to the memory market. Multiple times the 3 big players have been hit with anti-trust lawsuits because of the price fixing they've engaged in. It's true they are not true monopolies, but they exert exactly the problematic behavior of a true monopoly. It's very unlikely that the free market would ever fix this.

vjvjvjvjghv 2 hours ago | parent | prev [-]

What you are describing sounds great in theory, but the real world doesn’t work like that.

In more and more areas the obstacle to enter a market is not regulations but money.

arthurjj 2 hours ago | parent | prev | next [-]

The article says 80% of the lawsuits were in Mexico and ~3% were in America.

xXSLAYERXx an hour ago | parent | prev | next [-]

I believe this is the second best time to start a business in America. The first was colonial times.

artisinal 3 hours ago | parent | prev | next [-]

In many European countries, the largest restaurant chain is American. Not great.

bluGill 3 hours ago | parent | next [-]

You seem to be assuming chains are good. I prefer the one location restaurant myself, but by definition they will never be the largest chain.

cbg0 3 hours ago | parent | prev [-]

McDonald's might be the largest restaurant chain in Italy but that doesn't really mean much given how many small restaurants the country has with high quality food.

artisinal 2 hours ago | parent [-]

Also due to food standards a random McDonalds in a random village in Italy will have significantly better food than most restaurants in the US. The Italian McDonalds will use locally sourced fresh produce straight from the farm, cooked by high-end chefs to create a very good tasting meal that is super healthy and good for you.

There is a reason those Italians live so long. Their McDonalds is better than others. It is literally illegal to sell McDonalds foods the way Americans make it.

rootusrootus 31 minutes ago | parent | next [-]

> It is literally illegal to sell McDonalds foods the way Americans make it.

You should see what they do in the UK. Looks tasty, but healthy it certainly is not.

vjvjvjvjghv an hour ago | parent | prev [-]

“ cooked by high-end chefs”

They aren’t high end chefs. They are normal workers that aren’t squeezed by their company to produce food in the cheapest way

stronglikedan 32 minutes ago | parent | prev | next [-]

it's an extension of our crony capitalism problem, where the free market is just an illusion

IncreasePosts 2 hours ago | parent | prev | next [-]

I think chess and scrabble are more popular here

dhosek 3 hours ago | parent | prev | next [-]

[dead]

black_13 3 hours ago | parent | prev | next [-]

[dead]

dabbz 3 hours ago | parent | prev [-]

True, we have way too many thematic versions of Monopoly. I'm still missing so many copies.