Yes. The US used to work to prevent and break up monopolies. This allowed some of the optimistic promises of capitalism to work. There was competition that worked to bring prices down and quality up.
In the past few decades we’ve witnessed dozens of competing businesses merged to form conglomerates with little more than speed bumps from government to slow them down, presumably to line the pockets of the would be overseers.
We lost the competition that drove innovation. There’s little need to do anything to gain market share when there’s no real competition. Instead these mega corporations focus on efficiency to bring costs down, because they’re answering to shareholders now instead of consumers.
The result is supply chains have become fragile. One supply chain disruption results in a total shut down, because redundancies have been eliminated. When you have competition, you must have redundancies to ensure you can remain competitive. No need for that when you have no competitors.
Yes. The US used to work to prevent and break up monopolies. This allowed some of the optimistic promises of capitalism to work. There was competition that worked to bring prices down and quality up.
In the past few decades we’ve witnessed dozens of competing businesses merged to form conglomerates with little more than speed bumps from government to slow them down, presumably to line the pockets of the would be overseers.
We lost the competition that drove innovation. There’s little need to do anything to gain market share when there’s no real competition. Instead these mega corporations focus on efficiency to bring costs down, because they’re answering to shareholders now instead of consumers.
The result is supply chains have become fragile. One supply chain disruption results in a total shut down, because redundancies have been eliminated. When you have competition, you must have redundancies to ensure you can remain competitive. No need for that when you have no competitors.