Corporate profits are up and household incomes are down.
While the clueless point fingers at everything but the reason. It's all about the lack of free and open competition.
If a company is racking up billions without paying it's employees or stockholders more or reducing prices, it's because they have no viable competition. The government creates environments, laws and regulations, where others can't compete. It really is that simple.
Too big to fail is part of the problem. In a healthy economy, businesses are supposed to fail regularly and often. When they don't you have these problems.
Established businesses are suppose to have lots of new competition nipping at their ankles.
No comments:
Post a Comment