1. Companies that are a monopoly or a part of an oligopoly should not be allowed to assume control over another company nor be taken over by another company
2. As Corporate Social Responsibility taxes, they must invest in other businesses as minority interests.
3. They must set up a legislative representations for their stakeholders in their policy making board, and an independent judiciary system for deciding over disputes in their practices.
4. Not allowed to have in their terms of services clauses that prevented class actions
My problem with monopoly and oligopoly is that when a country progressed and grew, they were a part of the driving force of the growth, but even though they came up on top they were not the only reason why. So now we have only few providers of solutions dominating the markets while losing other elements, enriching elements, required to continue the healthy growth.
The healthy growth that I'm talking about is a pyramid shaped or a ship shaped hierarchy where the middle class' wealth and the lower class' wealth were the main contributors. The unhealthy growth is when the prosperity of the economy stuck in the high income group, no longer translated as growth of most of the people.
You can see this in the high barrier to profitability due to restrictive regulations that favors only monopoly/oligopoly businesses contrast to the pioneering era when the growth of the economy was the growth of numerous businesses of many kinds (also bearing their own innovations to be offered for the economy).
Moreover we as consumers are stuck with their management decisions over our lifestyle since they are the only sources of the products we use. This is tyrannical, its heading towards the directions of having some north koreas inside a country or in the world.
Capitalist should be entitled to their profit, but when it had entered the field of monopoly/oligopoly, their policies were life changing and that kind of power should not be held by a private organization. It would be great if they were not in an oligopoly/monopoly, then by all means please be rich oh our sources of solutions.
The deal is there are a lot of other sources of solutions besides them that participated in the products but not yet been rewarded as significantly. There are many of them. So before assuming such crucial power over other people's well being, why not adjust for justice first? The innovators, the educators, the therapists, the pioneers, the protectors, the grateful consumers... as if they were not contributors of the (exceptional) power as well? Again I'm not denying that most of these people are winners and their products are the best (the original people), if there were no other options then surely they couldn't help but being a monopolist or a part of an oligopoly. That's why the no. 2 of my suggestion, we must try our best to eliminate the field of oligopoly/monopoly. They rendered the consumers undiversified as well as other participators of their services, and that's a liability to disaster.
How much should a person be paid to say he had his toll paid? The universe works relatively why should we force absolutism when relativity would contributes better on that aspect? For the economy as a whole.
ReplyDeleteSo there's no fixed end price to our services, only balances relative to what's just.