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Break Up These Big Companies & Bust Their Monopolies

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In: corruption, democracy, economics, featured, Government, latest post, politics, power

We need to break up these big companies and bust their monopolies and oligopolies. Capitalism only works effectively for all when there is real competition in the marketplaces. Right now, this doesn’t exist in Australia and in most countries around the globe. There are too many sectors where only 2 or 3 corporations control markets. This prevents consumers having buying power and employees having any wage bargaining power. The chips are all in the corner of the bosses and the shareholders. Think about Coles and Woolworths dominating the supermarket and the liquor sectors. Think about the 4 big banks and the 4 big accountancy consulting firms. The insurance business is, likewise, dominated by a small number of giant companies. The telco business is Telstra, Optus and not much else. Big Tech is even worse, with most of them holding monopolies. Microsoft, Google, Amazon, Apple, Meta and their ilk control their markets monopolistically. Consumers are screwed when multinationals have such domination over markets and sectors. Capitalism does not work when competition does not exist.Continue Reading

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Trump Shoots The Economic Messenger

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In: corruption, democracy, economics, featured, Government, latest post

The Trump economy labour statistics fall to half as many jobs created as the Biden economy at the same time last year. In childish retaliation Donald Trump fires the official responsible for the statistics. Trump shoots the economic messenger. The American people under this authoritarian regime lose another objective guide to what is happening with their economy. The liar in the White House is wrecking the economy with his crazy tariffs creating uncertainty everywhere. Who can afford to invest when they don’t know what the f*** is going on? The US is heading for a huge fall via these globally unpopular economic policies.Continue Reading

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In: identity, latest post

Wowsers and control freaks are crawling out from behind the couch like never before, during this coronavirus global pandemic. The idea of being able to censor and limit the behaviour of human beings en masse appeals to certain sections of our society. The latest hobby horse is the reported increase in alcohol sales in Australia during this COVID-19 crisis. The ABC reported that health advocates are urging the government to crack down on alcohol sales. So called experts are bobbing up like bath toys in a full tub with suggested policies for limiting the sales of alcohol across the board. Brandishing the risk to vulnerable members of the community from alcohol fuelled domestic violence, these talking heads want strict controls on the quantity of booze sold to individual customers during this crisis. These wowsers’ warnings wave a wet blanket over alcohol sales during the crisis and we should all beware.Continue Reading