Politics Capitalism, Competition, Prices, Globalism, Mergerism.

[pugsville]

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

 

[RupieDupie]

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

From the article;

“Are we going to spend a generation holding one royal commission after another into every concentrated market in the country?”
- yes please

“Petrol firms are using big data analytics to collude on prices, using a single service station as their shared price signaller, Leigh says, drawing on a study of the Perth petrol market. "You no longer need to sit in smoke-filled rooms to fix prices - they are effectively colluding without breaking the law.”
- Really!?! I’m so shocked! I thought this was due to a walrus falling off a rock in the Pacific causing a bear market in Vanuatu

In essence the article is stating the Australian economy is based on collusion, monopoly and market manipulation, with members of the ACCC sitting back and complaining to newspapers about this... doth protest too much

 

[RupieDupie]

From the article;

“Are we going to spend a generation holding one royal commission after another into every concentrated market in the country?”
- yes please

“Petrol firms are using big data analytics to collude on prices, using a single service station as their shared price signaller, Leigh says, drawing on a study of the Perth petrol market. "You no longer need to sit in smoke-filled rooms to fix prices - they are effectively colluding without breaking the law.”
- Really!?! I’m so shocked! I thought this was due to a walrus falling off a rock in the Pacific causing a bear market in Vanuatu

In essence the article is stating the Australian economy is based on collusion, monopoly and market manipulation, with members of the ACCC sitting back and complaining to newspapers about this... doth protest too much

Furthermore, you have Morrison pretending to sympathise with a family with high power bills, but the truth of the matter is, what on Earth is The Australian Gubmint going to do about it?

In all seriousness, The Australian Gubmint have proven time and time again how ineffectual and useless they are when it comes to these kinds of problem. After all the years, promises and lies, here we are.

They don’t have the capacity to solve this.

 

[Lebbo73]

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

Too many regulations allows the dominant player/s in the market to shut out the small competitors. The larger corporations will pay greater regulatory costs when they know the small competitors cannot afford to. Regulations create barriers to entry for the small player.

 

[pugsville]

Too many regulations allows the dominant player/s in the market to shut out the small competitors. The larger corporations will pay greater regulatory costs when they know the small competitors cannot afford to. Regulations create barriers to entry for the small player.

Oh that's just classic.

You think Major players need regulation to run small players out of town. Teh Free market provides all the tools they need. Exclusive deals with suppliers, selling at loss till the small player can't afford to continue. there are many tricks in teh toolbox. Sure they well use regulation, But they certainly don;t need it. Money is power in the market,

 

[pugsville]

Furthermore, you have Morrison pretending to sympathise with a family with high power bills, but the truth of the matter is, what on Earth is The Australian Gubmint going to do about it?

In all seriousness, The Australian Gubmint have proven time and time again how ineffectual and useless they are when it comes to these kinds of problem. After all the years, promises and lies, here we are.

They don’t have the capacity to solve this.

And what do you suggest they do? Nationalise the power sector?

The Power companies are going to serve their interests. Higher prices and profits are in their interest no talk form the government regardless of ScoMo personal skills.

It's a market place. The Major players are not hurt by higher prices. They are going to take what measures increase their profits.

 

[smokingjacket]

Too many regulations allows the dominant player/s in the market to shut out the small competitors. The larger corporations will pay greater regulatory costs when they know the small competitors cannot afford to. Regulations create barriers to entry for the small player.

what regulations forced the small petrol stations out of business?

 

[Lebbo73]

what regulations forced the small petrol stations out of business?

Paying minimum wage while a blind eye is turned towards 711, United, etc who pay their workers below award wage or 38hr salary when they work 80hrs per week.

 

[RupieDupie]

And what do you suggest they do? Nationalise the power sector?

The Power companies are going to serve their interests. Higher prices and profits are in their interest no talk form the government regardless of ScoMo personal skills.

It's a market place. The Major players are not hurt by higher prices. They are going to take what measures increase their profits.

Royal Commission the s**t out of the industry is what they should do.

Then what they’ll find is;
The problem with the power industry = the problem with the financial sector = the problem with the telecommunications sector = the problem with Parliament House = the problem with the religious sector = the problem with the media industry etc etc etc

There is only one problem. And, the people who have the power to fix this problem also suffer from it.

 

[smokingjacket]

Paying minimum wage while a blind eye is turned towards 711, United, etc who pay their workers below award wage or 38hr salary when they work 80hrs per week.

Is it your argument that small businesses in the fuel sector were systematically bought out because they failed to act illegally?

 

[pugsville]

Paying minimum wage while a blind eye is turned towards 711, United, etc who pay their workers below award wage or 38hr salary when they work 80hrs per week.

That's is not the regulation thats pushing small business out of business but the ability of a large corporations to ignore regulation.

Uber. They just ignored the licensing system for taxi regulations .

As I said in the OP. Money is power in the Market.and elsewhere, buys government influence, hires lawyers.

 

[its free real estate]

what regulations forced the small petrol stations out of business?

Probably if anything it was deregulation that did it. Once upon a time they survived on the fact they were the only place you could buy food & sundries outside of shopping hours.

 

[smokingjacket]

Probably if anything it was deregulation that did it. Once upon a time they survived on the fact they were the only place you could buy food & sundries outside of shopping hours.

Exactly. There are cases of big business dominating an industry by regulation arbitrage but that's not the issue with most Australian oligopoly markets.

 

[its free real estate]

Exactly. There are cases of big business dominating an industry by regulation arbitrage but that's not the issue with most Australian oligopoly markets.

I think the major industry that does well out of regulation arbitrage is property, but that is not a monopoly/oligopoly. More an industry with a lot of corruption and parasites.

 

[Jibroni]

Probably if anything it was deregulation that did it. Once upon a time they survived on the fact they were the only place you could buy food & sundries outside of shopping hours.

And you could buy motor parts and tyres as well.

 

[smokingjacket]

I think the major industry that does well out of regulation arbitrage is property, but that is not a monopoly/oligopoly. More an industry with a lot of corruption and parasites.

Knowing what sort of rules and planning conditions can be bent for certain projects are a skill of big developers. Plenty of broking and alternative finance in that basket too.

 

[pugsville]

I think the major industry that does well out of regulation arbitrage is property, but that is not a monopoly/oligopoly. More an industry with a lot of corruption and parasites.

isn't that due to corruption and influence rather than the actual regulation?

 

[Snake_Baker]

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

The market only works when you go along with it.

Learn to be independent. Embrace liberty.

You're not trapped, you only think you are.

 

[pugsville]

The market only works when you go along with it.

Learn to be independent. Embrace liberty.

You're not trapped, you only think you are.

And how does that help ? really ?

How about saying something useful?

 

[Snake_Baker]

And how does that help ? really ?

How about saying something useful?

I just did.

Buy solar panels, grow your own food and spend within your means/store your money in a safe.

 

[chargers 09]

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

I love how everyone thinks the banks are screwing them due to all the vitriol in the media.

Fact is consumers get excellent deals at the moment, particularly residential mortgage loans.

Yield on these loans has plummeted since the 80’s as well.

Imagine it might not be too different address other sectors as well.


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[its free real estate]

isn't that due to corruption and influence rather than the actual regulation?

Think about how Westfield operates. If you want to open a retail shop in suburbia, you probably have to go through one of their malls. You have to play by Westfield’s rules to keep your shop running. You have little alternative because their mall is the only zoned retail space in kilometres, and the next mall is owned by QIC, who operate the same way.

Local councils heavily restrict land use, and this favours monopolists.

Any suburb that has a high street without the monopoly on retail space has a greater diversity of retailers, both in terms of independence and what services they provide.

If Westfield wants to open a mall, a council or state government will bend over backwards to provide social amenity for them to make their mall the “centre” of the community. If you want to turn your house into retail space, you’ll be denied.

 

[pugsville]

I love how everyone thinks the banks are screwing them due to all the vitriol in the media.

Fact is consumers get excellent deals at the moment, particularly residential mortgage loans.

Yield on these loans has plummeted since the 80’s as well.

Imagine it might not be too different address other sectors as well.


Sent from my iPhone using Tapatalk

So you think that the revelations of pretty widespread practices by the Banks during the Royal commission are some how fictitious ? teh vitrol in media, is based on some pretty concrete behaviour by the Banks.

https://www.theguardian.com/austral...mns-greed-of-financial-sector-in-first-report

 

[chargers 09]

So you think that the revelations of pretty widespread practices by the Banks during the Royal commission are some how fictitious ? teh vitrol in media, is based on some pretty concrete behaviour by the Banks.

https://www.theguardian.com/austral...mns-greed-of-financial-sector-in-first-report

Not what I said. Maybe read my post again re: consumer mortgages. Customers aren’t getting ripped at all- complete opposite.

Money is incredibly cheap for the consumer at the moment, hell strong enough applicants can get rates in the 4’s still for car finance.





Sent from my iPhone using Tapatalk

 

[pugsville]

Think about how Westfield operates. If you want to open a retail shop in suburbia, you probably have to go through one of their malls. You have to play by Westfield’s rules to keep your shop running. You have little alternative because their mall is the only zoned retail space in kilometres, and the next mall is owned by QIC, who operate the same way.

Local councils heavily restrict land use, and this favours monopolists.

Any suburb that has a high street without the monopoly on retail space has a greater diversity of retailers, both in terms of independence and what services they provide.

If Westfield wants to open a mall, a council or state government will bend over backwards to provide social amenity for them to make their mall the “centre” of the community. If you want to turn your house into retail space, you’ll be denied.

So you agree that monopolist/cartel behavior, sectors or areas dominated by a few operators is generally for the detriment of the consumer and wider public?

But there is a pretty wide playbook of practices which don't all evolve around regulation.

What are you advocating no zoning what so ever?

I agree Zoning is one of the prime areas for corruption/influence a decision dramatically changes the value of land. Councils are rarely held up to real scrutiny.