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View Diary: Monopoly's Role in Inequality (30 comments)

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  •  Community Spotlight is nice... (6+ / 0-)

    ...but this should be on the Rec List.

    imo.

    Don't tell me what you believe, show me what you do and I will tell you what you believe.

    by Meteor Blades on Mon Jul 30, 2012 at 04:46:50 PM PDT

    •  This is the best summary of economic forces (4+ / 0-)
      Recommended by:
      Bcre8ve, banjolele, semiot, cotterperson

      destructively rearranging our market place I've seen to date.

      Monopoly power ends "freedom" for producers and consumers.  "Freedom" for monopolies hurts others.

      Our government made this enormous swing to liberate near-monopoly companies 30+ years ago under Reagan and has yet to reverse course.  We see the obvious implications in our horrible unemployment numbers and continued poor prospects for job improvement.

      Krugman wrote about Saltwater Economics (Keynesians) primarily adhered to on the coasts and Freshwater Economics (Chicago school - "free trade") from Chicago, natch.  

      "Free Trade" only means unleash the monopolies.  It does not mean more choice, more products, higher quality, etc.  

      Freshwater Chicago-school Free Trade undermines economies and takes away choice from the producers and consumers and frees choke-point firms to rake in profits at both producers' and consumers' expense.

      Now, to get that into a sound-bite slogan to persuade the masses....

      "The law is meant to be my servant and not my master, still less my torturer and my murderer." -- James Baldwin. July 11, 1966.

      by YucatanMan on Mon Jul 30, 2012 at 08:10:33 PM PDT

      [ Parent ]

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