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"greed"? The force that pushes back on corporate greed should be competition. The problem is the modern trend of consolidation, monopolisation and lack of prope
by rtb 3y ago
"greed"? The force that pushes back on corporate greed should be competition. The problem is the modern trend of consolidation, monopolisation and lack of proper competition.
- Glyptodon 3y agoWhy compete when we all own index funds? Just use proxies to communicate and sychronize about "industry and sector costs and margins" and take your share. Maybe work a little on cost reductions to look good, and don't rock the boat: So long as investors can be exposed to whole markets and industries without caring about individual winners, there's really only one owner of the publicly traded participents. Or is that an exaggeration?
- im3w1l 3y agoYes. It's something that could happen, but I don't think it already has. The CEO is usually more exposed to their own company than any other.
- Aerroon 3y agoAnother factor is the consumers. They settle on a brand and refuse to try alternatives. Often for good reasons, but it still reduces competition.
- rtb 3y agoSwitching "brands" is a false choice when there are 100s of "brands" all owned by the same 4 conglomerates and all coordinating prices. https://www.theguardian.com/environment/ng-interactive/2021/jul/14/food-monopoly-meals-profits-data-investigation https://www.theguardian.com/environment/ng-interactive/2021/... https://www.visualcapitalist.com/illusion-of-choice-consumer-brands/ https://www.visualcapitalist.com/illusion-of-choice-consumer...
- deleted 3y ago[deleted]
- wpwpwpw 3y agoit's not a bug, it's a feature. https://en.wikipedia.org/wiki/Capital_accumulation#Over-accumulation_and_crisis https://en.wikipedia.org/wiki/Capital_accumulation#Over-accu...