The @GOP claims to support a free market economy, while companies are consolidating to become monopolies or near monopolies. Free market encourage price competition, monopolies lead to price increases - because they can.
-
-
-
If a mega company monopolized and raised prices...you insinuate that people would be aware, would we not attempt to create a competitively prices alternative to what they are doing? Would we not revolt?
-
Of course people could attempt. Best case scenario, a competitor would be able to join the market, but that would take time and investment. In industries like pharma, patent law protects existing companies, and testing requires millions of $$ and an extensive testing process.
-
Well of course, it would take a person with knowledge of the laws and with capital..but is it not possible, at least logically possible? Probability wise...a tough battle, but not entirely improbable. I think we often forget that we are free individuals, and we overcome in need
-
Monopolies are found in industries where there are high barriers to entry, like cost and time. Many also include regulations that prevent new companies - pharma is a great example.
-
I don’t think that added much to what I stated. Though it is true that we make every effort to prevent monopolies, I don’t think it actually increases a competitive market. For instance, mobile devices are operated primarily by 4 “mini-monopolies” driving price up as an example
-
You're right. Monopolies don't increase a competitive market.
End of conversation
New conversation -
-
-
CVS can't even handle all its customer accounts now (I have one) -smh.
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
Waiting for
@realDonaldTrump to come out against this like he did ATT time warner mergerThanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
Big Pharma taking over and the idiot trumpsters are worried about the media!
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.