Yeah sure, entrepreneurship has died because no one can compete with these behemoths of efficiency. I suppose that's why 80% of all millionaires in this country are first generation rich.
Kraft has found itself with no other choice than to swallow the costs, and hence to tear itself to pieces
Is that why Altria's stock is performing so poorly? LOL!
Even in sneakers; Nike and Adidas split a 60-percent share of the global market
This can't be because they just happen to make better shoes than their competitors, could it? No. It's only because the Reagan administration and those evil conservatives who followed eviscerated the anti-trust laws that made our economy work so well during the Carter years. Never mind that I can find shoes from a half dozen other manufacturers in my local Sports Authority.
Most reports blame soaring prices of energy and raw materials, but in a truly free market Kraft could have pushed at least some of these higher costs on to the consumer.
Yeah, in a truly free market companies work to increase costs to consumers rather than reduce them by becoming more efficient.
The problem is that Wal-Mart, like other monopsonists, does not participate in the market so much as use its power to micromanage the market, carefully coordinating the actions of thousands of firms from a position above the market
Wal-Mart's logistics systems revolutionized the industry and forced suppliers to become more efficient. That's one reason consumers have more money in their pockets today and can afford to buy even more goods and services, thereby increasing their standard of living, and to invest in the markets and earn a piece of the pie. Since 1980, the number of working Americans invested in the markets has increased from 25% to almost 60%.
Like this article, I could go on and on and on....
If Brevity is the soul of Wit, then
this fellow is Witless!
I know some of those millionaires personally. The value of their houses that they bought many years ago went through the roofs!