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This is the tip of the iceberg and has huge implications – for corporate power, competition, inflation, consumer spending power, quality of life. Monopolies an
by arthurofbabylon 4y ago
This is the tip of the iceberg and has huge implications – for corporate power, competition, inflation, consumer spending power, quality of life.
Monopolies and cartels are ubiquitous in the American business landscape. They aren’t highly visible, as they operate in the operational layers between stages of industry: rental unit pricing (as highlighted in this story), niche goods distribution, other services. They aren’t the classic top-down monopolies observers expect to see, yet they have the same impacts of exploiting their peripheries, eliminating competition, crippling innovation, and inducing inflation.
I believe eliminating cartels and monopolies is the single greatest economic opportunity presented to the US.
- landemva 4y agoCartel busting is about the only way to fix the enormity of government payments for Medicaid and Medicare. If not, then the federal spending will collapse something.