Topic: thoughts on companies becoming too powerful? - page 5. (Read 7025 times)
Why should it be dissolved? I think that with them they will create a big motivation for competitors who will continue to improve the quality of their projects. The company is very strong that is a proof of the hard work so far and I'm not sure they will violate all government rules or be immune from the law, because they become big and strong because they are very disciplined.
Of course, it won't be wise for those companies to be allowed to be too powerful. It will lead to abuse. The people will suffer it. Like, when those too-powerful companies happens to break a certain law or right, it becomes too hard to bring them to book. That being said, government cannot prevent the big companies from getting more powerful, but proper and thorough checks and balances can help prevent abuse of power.
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?
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?
Do not mix the governments with the big multinational companies. Both are different and are not inter-related to each other. Government is not threaten by these companies and therefore they is no point for government to close these companies. Rather these companies gives good amount of taxes and employment to the nation, and hence they are good for the government and country
The worrying thing is that productivity has constantly been increasing but wages have remained stagnant. People in America made much more money in the 60s and 70s working a normal job and housing, healthcare, and education was a lot cheaper.
Stagnant wage is fine mate as long as the government does not debase the currency (or ceteris paribus). The problem is within the inflation, plus about the taxation policy, corporate policy (e.g., too much wage for C-level officers), immigration policy, etc.Perhaps Americans should listen more to Milton Friedman instead of Bernie Sanders.
break big businesses? that is not because it harms the economies of many countries. But I think the government should intervene in the expansion of these large businesses.
Because when they collapse, the economy will be greatly affected. therefore, should not be trusted in any large enterprise, we should still limit its greatness.
Because when they collapse, the economy will be greatly affected. therefore, should not be trusted in any large enterprise, we should still limit its greatness.
OP, this has been going on for many decades, and from my reading of stock market history this consolidation actually used to be much worse--which is why there are anti-monopoly laws in the US nowadays.
I'm aware of what Disney is doing, but I've been watching my state hospitals consolidate and big pharmaceutical companies, and pharmacy chains merging with insurance companies. I'm not sure if all of this is good for society as a whole, but I bet it's really good for those businesses.
However, competition is good and I don't think we're going to see the end of that anytime soon. The only thing I really hate is how big chains (retail, mostly) have put local mom-and-pop stores out of business. I think that's only going to get worse, unfortunately.
I'm aware of what Disney is doing, but I've been watching my state hospitals consolidate and big pharmaceutical companies, and pharmacy chains merging with insurance companies. I'm not sure if all of this is good for society as a whole, but I bet it's really good for those businesses.
However, competition is good and I don't think we're going to see the end of that anytime soon. The only thing I really hate is how big chains (retail, mostly) have put local mom-and-pop stores out of business. I think that's only going to get worse, unfortunately.
It is called economies of scale. The more you produce, the cheaper it becomes.
Generally, people don't have to worry about this monopoly power, because the government has antitrust law to "prevent" bad things to happen.
Yes the government could force divestment if these companies becomes too big.
Generally, people don't have to worry about this monopoly power, because the government has antitrust law to "prevent" bad things to happen.
Yes the government could force divestment if these companies becomes too big.
The worrying thing is that productivity has constantly been increasing but wages have remained stagnant. People in America made much more money in the 60s and 70s working a normal job and housing, healthcare, and education was a lot cheaper.
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?
What's the sense? They are private sectors which also have their own specific rights. Besides, as long as such companies are paying the appropriate taxes based on their net profit then there's should be no issue at all. If you are worrying that maybe someday these companies might become even bigger and rule over the US (for example) then stop because it is impossible to overpower the government. Yes! They can monopolize the field of their expertise but that's it, in the end they are all countrymen which are all under government's authority. 
Hmmmmm, I guess that the government can step in to these large companies if they have been found something illegal, involved into an alarming issue or they don't pay taxes. But as long as they are complying to the government rules and regulations, they won't be touched.
The government earns through these large companies and it's usual to support these businesses as long as they have acquired licenses and they have permit to operate.
The government earns through these large companies and it's usual to support these businesses as long as they have acquired licenses and they have permit to operate.
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They are not that powerful though, they only have the money.
And when they do have the money to do what ever they want, what does that result to? Power of course. The like of Facebook, google etc didn't start building their empire on power they starter from acquiring wealth (money) then used that money to acquire power.
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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.
They are supported by the government as long as they are paying correct taxes and following the laws, we have nothing to worry about because they are not that dominant and they not solely control the market. A lot of competitors in the market, they are just making a good product that’s why they are still on top. They are not that powerful though, they only have the money.
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?
What's the sense? They are private sectors which also have their own specific rights. Besides, as long as such companies are paying the appropriate taxes based on their net profit then there's should be no issue at all. If you are worrying that maybe someday these companies might become even bigger and rule over the US (for example) then stop because it is impossible to overpower the government. Yes! They can monopolize the field of their expertise but that's it, in the end they are all countrymen which are all under government's authority.
It is called economies of scale. The more you produce, the cheaper it becomes.
Generally, people don't have to worry about this monopoly power, because the government has antitrust law to "prevent" bad things to happen.
Yes the government could force divestment if these companies becomes too big.
Generally, people don't have to worry about this monopoly power, because the government has antitrust law to "prevent" bad things to happen.
Yes the government could force divestment if these companies becomes too big.
One companies will eventually conquer them all if there's no competition. But when that happens, usually a new start-up show up and start disrupting the business, like what happened to Nokia. I think that's just how nature works.
I don't think some companies has too much power over me when I can decide whether I use their product or not. I use my phone not because some companies urged me to buy it.
I don't think some companies has too much power over me when I can decide whether I use their product or not. I use my phone not because some companies urged me to buy it.
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.
If the company in question is doing more harm to the competition in the market than good, then I think the government can step in to break it down. Just like what happened to Microsoft. I also agree that Facebook has grown too much and if Libra pushed through, they will be uncontrollable.
I've heard the argument quite a few times, and I don't think it's an invalid one. But what's the alternative? You break up the companies and then bigger ones acquire as many as they can, and we are back at square one. This is to be expected with late-stage capitalism, and it's not necessarily too harmful anyways. As long as there are a "few" giants, the market is still somewhat "free". I'm sure if these tried to join the government would hop in, but there is really no need to disrupt the economy right now. It may not sound optimal, but it's working.
It's cyclical, we break one company and then it will spawn more, that's how it works. I know everyone hates monopoly or capitalism, but it can help innovation as well.
@hatshepsut93 - I can relate to your argument, I was once part of the Intel families back then late 90'-to early 00's. yes we have monopolised the CPU's, even garnering 80%-90% of the market back then. But then competition with AMD is good early until they caught up with us, pushing us to the brink and we re invent and re innovate. Monopoly won't last forever and as soon as competition started to catch up with you, then you need to adjust otherwise you won't stay on top.
I've heard the argument quite a few times, and I don't think it's an invalid one. But what's the alternative? You break up the companies and then bigger ones acquire as many as they can, and we are back at square one. This is to be expected with late-stage capitalism, and it's not necessarily too harmful anyways. As long as there are a "few" giants, the market is still somewhat "free". I'm sure if these tried to join the government would hop in, but there is really no need to disrupt the economy right now. It may not sound optimal, but it's working.
Often times the companies become so big because of the government in the first place - lobbying and excess regulations are very good ways to kill competition. On a totally free market, monopolies still can happen, but they don't last forever. For example, right now AMD becomes very popular on the CPU market, while Intel struggles to make stronger products, while historically AMD was the underdog of that market. This happened without any government intervention.
Also companies may be powerful, but they are not powerful in the same way that governments are - you are totally free to not use Facebook and Google, but government can brake into your house if it wanted to, and there's nothing you can do, so I'm not too concerned about companies.
Also companies may be powerful, but they are not powerful in the same way that governments are - you are totally free to not use Facebook and Google, but government can brake into your house if it wanted to, and there's nothing you can do, so I'm not too concerned about companies.
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?
Government cant do anything that they do want specially to this big companies.They know on what they do capable of, these companies know how to play the game that's why we cant see that they cant make any immediate action against them.Lets see on what would happen next. 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?
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