Why have Power prices gone up? Why do the banks screw their customers? Why do farmers have so much of their crops rejected by supermarkets for cosmetic reasons?
It's about Power. Market Power. Large corporations will if they can dominate a market raise their profits levels and prices.
Globalism has unleashed the power of markets and capital as never before, merger after merge has seen the rise of mega corporations that dominate sectors. Consolidation into fewer players leads to higher profits. More certainty, less risk. less competition. Higher prices.
Capitalism hates competition. Competition is risk. And if you have vast amounts of capital , by definition a lot to lose. A risk that if possible will be eliminated. A Free market of a large numbers of players is unstable, a oligarchy of a few is much more stable.,
Australia is one of the countries were there is less competition than many other countries. Where industry after industry is dominated by a few big players.
This Article from the SMH.
https://www.smh.com.au/national/a-s...n-the-land-of-ozzigopoly-20181102-p50dln.html
It's about Power. Market Power. Large corporations will if they can dominate a market raise their profits levels and prices.
Globalism has unleashed the power of markets and capital as never before, merger after merge has seen the rise of mega corporations that dominate sectors. Consolidation into fewer players leads to higher profits. More certainty, less risk. less competition. Higher prices.
Capitalism hates competition. Competition is risk. And if you have vast amounts of capital , by definition a lot to lose. A risk that if possible will be eliminated. A Free market of a large numbers of players is unstable, a oligarchy of a few is much more stable.,
Australia is one of the countries were there is less competition than many other countries. Where industry after industry is dominated by a few big players.
This Article from the SMH.
https://www.smh.com.au/national/a-s...n-the-land-of-ozzigopoly-20181102-p50dln.html