In today’s US economy a business sector is monopolized when a small number of the big guys work together with price-fixing or other anti-competitive practices that results in the closing down of thousands of small independent businesses.
In general, extreme market concentration is not beneficial to anyone in society except the owners and top officials of the large corporations. Squeezing out small businesses increases the cost of…
The man behind the curtain pulling all the levers isn’t a man—it’s a monopoly. And it controls your world.
Monopolies are bad. Bad for you. Bad for me. Bad for everyone except the monopoly owners. What’s a monopoly you say? A monopoly is the exclusive possession or control of the supply of or trade in a commodity or service. Sounds pretty wonky but it’s not.
AMIBA partnered with ILSR on this important event on February 22, 2021. Watch the video.
The pandemic exposed, and turbocharged, many inequalities in our economy, including years of rampant market power abuse by dominant corporations at the expense of small businesses.