How can we stop the creation of monsters like Amazon and Walmart in the future?
They have power over politicians and are capable of destroying small businesses. They can create a nexus point for trade and then call the shots.
We have let this happen but what can be done to stop it and prevent it on the future?
Any serious suggestions?
I thought about a growth tax to choke the business and prevent growth over a certain size. But I am not a business man. Also don’t want to become commie in the methodology.
Once upon a time we had this thing called the Sherman Antitrust Act...
I’ll take a look thanks.
First things first. Being big is not a bad thing. It is only if their power is abused. Being big is what gets us large amounts of research that keeps us ahead of other countries.
Second, regulations are what makes competition against big companies hard. It costs Amazon nothing to collect for and pay to state taxes. It can cost a small mom and pop significantly more than the actual taxes needed to be collected and payed. Getting rid of worthless regulations would go a long way to making it moot if you are big or small.
Third, put tariffs on imported goods, enough to make up for the cost of labor. If you have already removed the regulation taxes here at home, then the only competitive difference they have over there is cost of labor.
Fourth, get rid of all the stupid environmental rules that make buying minerals overseas less costly or even as the only option available. We need to be mining rare earths.
Fifth, start a process of bringing into commission hundreds to thousands of nuclear reactors across the country. Cheap energy gives everyone the opportunity to be a creator.
Finally, absolutely crush companies that act in monopolistic ways. If they are buying companies just to shut them down, that is not good.
Thanks. I always thought about the regulations an fines as a stumbling block for smaller businesses. Facebook can pay fines no problem but those same fines would shut out smaller competition. In fact it is probably Facebook’s preference to keep those fines in place to do just that.
If you don't want big box stores, you restrict them thru zoning.
Reality is that the market, the people, ultimately create these giants by doing business with them. If the vast majority of people chose not to do business with them they would go under. Perhaps a bigger factor is that government taxation and regulation (often lobbied for by big business themselves) prevents most of the potential competitors that would exist in a pure capitalist system, free market, from coming into existence.
Sherman Anti-Trust Act. Enforce it, for once.
Power corrupts. Private sector power is not magically exempt from this conservative principle.
Do you see how easy it was for them to make this go away simply by not enforcing it? I never knew about this and wouldn’t have known where to start looking.
Objective currency, inimal regulations, low taxes
Stop corporate welfare, End the Federal Reserve / FDIC, and stop financial deplatforming of online mega giants continuing upcoming competitors.
Less internal regulation, more regulation of imports and imported labor. They can only undercut so much based on labor costs if we are all working out of the same labor pool. Right now, any company of noticable size or of certain fields of service has access to a secondary labor market with dirt low prices and there is little to no reason to hire american. This makes it so the companies that hire american either by choice or circumstance are at a disadvantage from the get go on one of the most expensive parts of any companies budget.