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.
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.