thoughts on companies becoming too powerful? - page 4.

Kakmakr

legendary

Activity: 3542

Merit: 1965

Leading Crypto Sports Betting & Casino Platform

Large Monopolies are just part of a healthy open economy, it becomes unhealthy when these Monopolies dominate the market. There are still good competition for Disney and also Facebook and you have large communication companies in other countries that are doing very well in their own respective countries.

I think the healthiest environment occur when you have a situation like Crypto currencies, where you have 1000s of Alt coins that are competing for the same market without the restriction from large conglomerates killing or buying out the competition. Wink

akram143

full member

Activity: 1106

Merit: 166

★777Coin.com★ Fun BTC Casino!

Quote from: Indamuck on July 24, 2019, 09:29:04 AM

Disney has become the media giant and has been on a spending spree for the last decade buying up different ips.

Facebook has been buying up all their competition and is the dominant social media company and nothing else can compete with it.

Companies become so big and they have enormous power over us, do you think companies like this should be broken up by the government or be allowed to reign supreme?

the reason is simple if the company is becoming developing technical and also the economic situation is improving but when we need to be regulated properly because sometime it will go wrong so that I think if everyone doing their work properly then it will be the best for everything

Fredomago

legendary

Activity: 2996

Merit: 1054

Leading Crypto Sports Betting & Casino Platform

Quote from: Hallmader on July 26, 2019, 10:15:28 PM

Quote from: Indamuck on July 24, 2019, 09:29:04 AM

Disney has become the media giant and has been on a spending spree for the last decade buying up different ips.

Facebook has been buying up all their competition and is the dominant social media company and nothing else can compete with it.

Companies become so big and they have enormous power over us, do you think companies like this should be broken up by the government or be allowed to reign supreme?

No, the government should not interfere. They are responsible for them to pay their honest-to-goodness tax dues, to make sure that the employees are well compensated and protected, to see to it that the business declares everything openly, to propagate healthy competition despite bullish growth of some, and so on. The government is not even good at managing their very own backyard, they should not muddle with other private affairs.

The government should not interfere as long as the company still providing their responsibilities inside their jurisdiction, it's a must that for any company to pay the right compensation and taxes that's been asked by the government, there's nothing to do with growing their business as long as they are not
doing any illegal things around the government jurisdictions.

TheGreatPython

sr. member

Activity: 2660

Merit: 339

I think there is a reason why there was monopoly ban was put in USA but that was for the monopoly they had at that time, I think it is not working for the ones we have right now. It was created to stop all monopolies that existed but wasn't created to stop any future ones. We have seen apple go as high as 1 trillion dollar market cap and nobody thinks they are monopoly for some reason, there was Samsung and other phone manufacturers, there was all windows computers and that is why apple went by without trouble to all the way to 1 trillion dollars. That is way more than any company should reach.

I think even with all the inflation since the early monopoly days, we should still not reach 1 trillion dollars. All these huge companies should be divided into multiple companies to fix the problem. Like apple phone and apple pc should be two different company just to give an example.

Hallmader

sr. member

Activity: 1123

Merit: 253

Quote from: Indamuck on July 24, 2019, 09:29:04 AM

Disney has become the media giant and has been on a spending spree for the last decade buying up different ips.

Facebook has been buying up all their competition and is the dominant social media company and nothing else can compete with it.

Companies become so big and they have enormous power over us, do you think companies like this should be broken up by the government or be allowed to reign supreme?

No, the government should not interfere. They are responsible for them to pay their honest-to-goodness tax dues, to make sure that the employees are well compensated and protected, to see to it that the business declares everything openly, to propagate healthy competition despite bullish growth of some, and so on. The government is not even good at managing their very own backyard, they should not muddle with other private affairs.

Indrawan77

hero member

Activity: 1274

Merit: 516

To avoid monopoly the government should do something so the small company could grow and make a healthy market condition, but some countries just let it be as long as it is not a vital part for the country, but this could led to the monopoly system which is jot too good for other investors

SquallLeonhart

legendary

Activity: 2464

Merit: 1102

Quote from: Indamuck on July 24, 2019, 09:29:04 AM

Companies become so big and they have enormous power over us, do you think companies like this should be broken up by the government or be allowed to reign supreme?

No one should be a super power even the governments. Let's discuss on business levels, only the distributed power based system will lead for more innovations and when there will be a continuous innovation which will make the environment a versatile one.

When a company assumes themselves as a super power, they may take stupid decisions out of over confident which may write their end chapters. One good example is Nokia, they assumes themselves as a leader in mobile manufacturing sector hence they decided no need of adopting android which led their collapse.

Quote from: Indamuck on July 24, 2019, 09:29:04 AM

nothing else can compete with it.

Demand/competition is the mother of innovation but they assume being a super giant is enough for growing further. Time will answer them.

danherbias07

legendary

Activity: 3318

Merit: 1133

Leading Crypto Sports Betting & Casino Platform

One country can make it happen.
Look at North Korea and China. If their government dont want to be part with anything with it then it can happen.

The problem would be if your government wants it to happen and they are taking part or being given compensation for it.
Democracy mostly is the problem. People are being given too much power losing the integrity of one country.
There should still be limits with it.
Facebook and other social media are already eating a lot of people brains. Grin

Dread Pirate Roberts

sr. member

Activity: 1512

Merit: 326

Quote from: Indamuck on July 24, 2019, 09:29:04 AM

Disney has become the media giant and has been on a spending spree for the last decade buying up different ips.

Facebook has been buying up all their competition and is the dominant social media company and nothing else can compete with it.

Companies become so big and they have enormous power over us, do you think companies like this should be broken up by the government or be allowed to reign supreme?

not ethical if disturbed by the government because of the success of a media. what should be done is to provide support for both parties, but if it has alluded to each other's interests the government has the right to take action against certain media. I think as long as a media does not make its own opinion for the willingness of one party there is no government matter limiting a media if there is no problem if it is only popularity.

vintages

full member

Activity: 966

Merit: 153

When private companies become too powerful it has it advantages and disadvantages. Aside growing into monopoly and concentrating public resources in one place; their powerful growth can also make a lazy government become active and also born more active competitor for development of he economy. When they should be broken is when they become more powerful and influencing public decisions for self, than, the government can interface aside that, they should be supported.

creeps

full member

Activity: 742

Merit: 144

Quote from: Indrawan77 on July 26, 2019, 09:48:17 AM

To avoid monopoly the government should do something so the small company could grow and make a healthy market condition, but some countries just let it be as long as it is not a vital part for the country, but this could led to the monopoly system which is jot too good for other investors

Government allows monopoly because no one is entering in the market that much but I agree there must be a greater support to the small entrepreneurs because usually they are paying the right taxes compare to big companies. Imagine a top company did not pay tax because of so many exceptions. Well, if they grow a lot then they can really control one market.

jostorres

hero member

Activity: 2562

Merit: 586

Quote from: CryptopreneurBrainboss on July 25, 2019, 04:57:25 AM

Quote

Companies become so big and they have enormous power over us, do you think companies like this should be broken up by the government or be allowed to reign supreme?

Don't know how the government of your country operate but ours don't give a damn instead they assist the big companies in the state to acquire more power as far they're benefiting from the companies. A popular example is the Dangote Group company. That company technically runs the country and are about take control of the main source of income by building private refinery. I'm of the suggestion these big companies should be broken up so we can have even distribution of power.

Broken by whom? I know this Dangote you talked about here, I think he is the richest man in Africa and from Nigeria if I am right, and Dangote is like God even being worshiped by the government in his country. This same people you are inviting to break him up, are they still not the same people that is empowering him by giving him a monopoly power?

His monopolistic power is the one making him to run virtually every business found in the country, he initially wanted to try the same in Ghana too, but I trust Ghana, they respected him and allowed him to run his business, but never gave him that monopolistic power to run all their business over there, and I think I only know of his cement business in Ghana if I am right, anyway, his power is only limited to Africa, and he cannot try such in Europe.

vixcious

full member

Activity: 560

Merit: 100

Quote from: Indamuck on July 24, 2019, 09:29:04 AM

Disney has become the media giant and has been on a spending spree for the last decade buying up different ips.

Facebook has been buying up all their competition and is the dominant social media company and nothing else can compete with it.

Companies become so big and they have enormous power over us, do you think companies like this should be broken up by the government or be allowed to reign supreme?

of course yes. For technology businesses, that will be certain, for example, facebook.
Facebook currently holds more than 2 billion personal data worldwide and they are planning to set up Libra in the crypto market (where numerous personal data are sold a lot at very cheap prices).
American governments should really restrain businesses like this, because when it grows too big, we don't know what they can do in our world.

omonuyak

sr. member

Activity: 882

Merit: 269

Quote from: Indamuck on July 24, 2019, 09:29:04 AM

Disney has become the media giant and has been on a spending spree for the last decade buying up different ips.

Facebook has been buying up all their competition and is the dominant social media company and nothing else can compete with it.

Companies become so big and they have enormous power over us, do you think companies like this should be broken up by the government or be allowed to reign supreme?

Governments across the world has one company or another that control it and I think those in leadership positions in various countries understand this and that why they cannot ban such companies. Facebook libra coins has exposed those type of powerful companies to us. I have been following the testimony of Macus throughout last week and you can see how confident he was in saying that they are going to meet of with the requirements of the laws in Libra louch. This is a coins that is going to be used as money and governments know what it means but they cannot do much to ban them because of how powerful they are.

SirLancelot

hero member

Activity: 2646

Merit: 582

Leading Crypto Sports Betting & Casino Platform

Quote from: Indamuck on July 24, 2019, 09:29:04 AM

Disney has become the media giant and has been on a spending spree for the last decade buying up different ips.

Facebook has been buying up all their competition and is the dominant social media company and nothing else can compete with it.

Companies become so big and they have enormous power over us, do you think companies like this should be broken up by the government or be allowed to reign supreme?

I would not advise that the government them up because they still contribute to the major reason why the economy of their country is booming, and whatever makes the government take any negative action against them, it will not only affect them, but also affect the economy of such country too.

What I would just advise them to do is to out a check on them, it is because of this power they are having that made Facebook to be bold enough to want to create a coin that he proposes they use globally, Libra coin would have just been limited to just their platform use, but to the extent of stretching it out to the extent of people thinking Facebook is trying to build a nations, I think there is really need for the government to thoroughly checkmate them.

fiulpro

hero member

Activity: 1890

Merit: 831

I think as long as they are doing things according to the rules and not hurting anyone and at the same time holding some trust funds for the underprivileged.
They are assets for us.
They reached their from their own will.
They had a idea and they developed it into a company, it all started from scratch.
The ones you are talking about aren't the ones that was handled by family to family .
They came out from dirt.
I think .. they deserve every right to be supreme as long as they don't break the rules.

beerlover

legendary

Activity: 3052

Merit: 1188

I don't really mind it if they do not do anything bad to be honest. For example, back in the day standard oil was the biggest oil company in the world and they used this to change the pricing of oil to cheapest possible in one place making a big loss but then all other oil places went bankrupt couldn't fight with their pricing and then standard oil became monopoly of that place and spiked up the prices starting to make profit.

Hence, if you do bad things with your monopoly then I would say they are too powerful. However Disney literally gave us the biggest movie of all time with their purchase of Marvel, if you are going to become media giant and offer us great service then you are just becoming big because you deserve so. If you are like standard oil then you are too powerful, if you become like Disney then you deserve it.

drumamat

sr. member

Activity: 1193

Merit: 251

Quote from: Ayiranorea on July 24, 2019, 06:15:51 PM

The companies rules the citizen or the government rules the population. However there is not much of difference, the government tries to keep the population under their control creating needs for them while the big giants just create way to relieve their stress generated. This way there is always a mutual connectivity that makes both to be the same but the monopoly being shown in a different way.

Large giants think only about profits in the market.In any case, any company or government seeks a monopoly in any sphere.I hope very soon the social company Facebook,after creating its own coin,will become a mega monopolist.

malevolent

legendary

Activity: 3472

Merit: 1724

Quote from: Indamuck on July 24, 2019, 09:29:04 AM

Disney has become the media giant and has been on a spending spree for the last decade buying up different ips.

Facebook has been buying up all their competition and is the dominant social media company and nothing else can compete with it.

Companies become so big and they have enormous power over us, do you think companies like this should be broken up by the government or be allowed to reign supreme?

The only reason they have grown so big in the first place is government regulation, e.g. IP protections. Now you want even more government? Who's to decide, and what should be the threshold for a company after which it should be broken up? Maybe it would be easier to look at the factors which led to the companies growing so big in the first place? Food for thought.

pugman

legendary

Activity: 2383

Merit: 1551

dogs are cute.

Quote from: Indamuck on July 24, 2019, 09:29:04 AM

Disney has become the media giant and has been on a spending spree for the last decade buying up different ips.

Facebook has been buying up all their competition and is the dominant social media company and nothing else can compete with it.

Companies become so big and they have enormous power over us, do you think companies like this should be broken up by the government or be allowed to reign supreme?

Honestly, I wouldn't be too worried about it. I mean, if you think about it, huge companies while they make a huge impact on the world economy, they are still in a way controlled by the government because of the by-laws, taxes, corruption(this is like the main reason if it wasn't obvious enough). Companies can rise all they want, but they are gonna end up shattered because of a billion reasons and we dont have to worry about it.

Topic: thoughts on companies becoming too powerful? - page 4. (Read 7053 times)