25 Apr, 2014
10 Corporate Behemoths Stifling Competition | Alternet
April 24, 2014 | One of the fundamentals of free-market capitalism is that consumers benefit when competition is plentiful. If a business is selling a weak or inferior product, consumers can turn to the competition for a better deal. President Franklin Delano Roosevelt understood that, which is why a key element of his New Deal was the anti-trust, anti-monopoly legislation of the 1930s. Roosevelt firmly believed that large companies should be forced into a competitive environment whether they liked it or not, and that belief served the U.S. well for many years. But in recent decades, a variety of corporate lobbyists, far-right Republicans and neoliberal Democrats have shredded the New Deal and undermined anti-trust laws—thus encouraging corporations to grow larger and larger and engage in monopolistic practices.
Here are 10 mammoth corporations that detest free-market competition and do everything they can to stamp it out or greatly reduce it.
Read the rest: 10 Corporate Behemoths Stifling Competition and Delivering Awful Service to You | Alternet.
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