Does and how would too much business competition hurt the economy is this why not every person in the world could own a business like Bill Gates ?
Does and how would too much business competition hurt the economy is this why not every person in the world could own a business
re: Does and how would too much business competition hurt the economy is this why not every person in the world could own a business
Not everyone can be in business doing the same things. The U.S. went from having dozens of auto makers to just a couple. Can't out-produce the market for the product.
Bill Gates is unique...having a near-monopoly.on PC software required to operate most personal computers.
It's the nature of our system for the big fish to eat the little fish...the larger firms to buy-out the smaller ones or drive them out of business.
The bulk of the processed foods in a supermarket come from a handfull of companies....the brands and companies that once made them being gobbled up by the biggies. Read the labels.
Concentration of wealth just doesn't happen trading Wall Street paper. back and forth. It's the very nature of the system for that to occur....one capital accumulator being in competition with another.The goal isn't a billion, or ten billion or a hundred billion. It's everything.
t's the foundation stone that all other structures are based upon ... one capital accumulator being in competition with another. . I suppose the end result will be a few dozen winners owning nearly the entire planet.
There are exceptions here and there. Bolivians revolted when Bechtel Corp. bought their rainfall...sold to them at the insistance of the IIMF and World Bank. . Private rain falling on a garden was illegal without compensation. Not much different than selling the atmosphere. I wonder what the charge will be for breathing in a cubic foot of air.
The U.N. passed a resolution stating water was a human right. The U.S. abstained.
Structures don't support everyone owning their own business. They support capital accumulation which is at odds with that....the big fish eating the little ones. Walmart alone has gobbled up countless minnows in small towns all across the country.
Retired Monk - "Ideology is a disease"