But now that basically we’re down to a few mega-corporations, they don’t have to worry about profits, they have power.
That has lead me to be more of a national populist than a conservative in recent years. Some trust busting is in order. If you asked me about trust busting twenty years ago, I would have been vehemently against it. Some basic macroeconomics that I learned some forty plus years ago has taken on greater meaning to me. Specifically, pure competition seems to be needed these days. The major tenants of pure (or perfect) competition are:
1.) Ease of entry and exit from markets.
2. Many small competitors selling homogeneous or near homogeneous products.
3. Perfect information on price and product.
We are missing #1 due to government and regulations. We are missing #2 due to government approving large mergers and acquisitions. #3 actually exist to a greater extent today than in the past due to the Internet and technology.