OK America, it’s time to wake up, the alarm clock’s ringing

We need a new definition of anti-trust that goes far beyond anything we currently have.
Corporations don’t pair their fair share of taxes, they exploit the law to suppress competition and stifle innovation. National boundaries are assets to them; they jump around with money to where it suits them. Regulations aren’t a nuisance; they’re a barrier to entry — ensuring even greater monopoly profit. Congressional favors and loopholes aren’t special, they’re expected and delivered. These big corporations manipulate the markets, raising barriers to entry and squeezing out legitimate competition, anyway possible.
All of this is making you and your family members poorer.
Finally, after decades of going in the wrong direction there is new hope, both on the Supreme Court level which issued 2 strong anti-trust opinions this year and now the Justice Department has jumped on the band wagon, by opposing the looming merger of American and US Airways. In general, I have not approved of how this Justice Department has used its time, but this is a great decision for the American people.
“Today’s action proves our determination to fight for the best interests of consumers by ensuring robust competition in the marketplace,” that, from Eric H. Holder Jr., the U.S. attorney general. According to the New York Times, the decision came as a surprise to both carriers “who had expressed confidence the deal would go through with only a few changes.”Thank God the Justice Department did not agree.
Domestic airline routes are already concentrated. According to Justice a merger of American and US Airways, would result in only four airlines controlling more than 80 percent of the United States market for commercial air travel.
This next quote sounds like kids stuff but it’s great to read it in a Justice Department complaint anyway; “By further reducing the number of legacy airlines and aligning the economic incentives of those that remain, the merger of US Airways and American would make it easier for the remaining airlines to cooperate, rather than compete, on price and service.”
Exactly. Now if they just turn that attitude toward the Pharmaceutical, Banking, Insurance, Transportation, and Energy industries, the American economy might get out of the fifteen-year funk it’s been in.
Wake up America, these big corporations aren’t just stealing from you through price manipulation and market manipulation, they are stifling innovation and only innovation which impacts overall marginal productivity can meaningfully impact wealth creation.

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About karlspain

20 year Newspaperman. Lifelong Inventor. Wrote 2 books so far, working on more. The Revelation, 1st book, about your brain & the universe, and math. Hooked together! God I trust, America I love, 2nd book, is the biography of Aris Mardirossian, a great man. Also owned a software company, an IT integration company, a gas station and a fuzzy logic software title along the way.
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