Dad2three
Gold Member
Yes it is. If they use an oligopoly to give themselves MASSIVE pay... at the expense of the consumer and investors... our government is supposed to be breaking up said monopolies. You can't have a free market if you allow a monopoly to control that market.It isn't skimming if your 401 is going up.Yes, I'm aware that "some" companies have a say on pay. However, that is not true for all public-ally traded companies. IMO there should be a rule forcing it. This given that the bulk of fortune 500 companies have formed said oligopoly on executive pay, to skim the profits of our 401k investments.
The concept "oligopoly" is a liberal myth. All it means is that some businesses have a bigger market share than others . In other words, it means capitalism functioning exactly as it should, but the commie professors wants to make it sound sinister.
Yes, Standard oil worked well *shaking head*
By 1890, Standard Oil controlled 88 percent of the refined oil flows in the United States
Standard Oil - Wikipedia the free encyclopedia
In 1871, Rockefeller helped form a secret alliance of railroads and refiners. They planned to control freight rates and oil prices by cooperating with one another. The deal collapsed when the railroads backed out. But before this happened, Rockefeller used the threat of this deal to intimidate more than 20 Cleveland refiners to sell out to Standard Oil at bargain prices. When the so-called "Cleveland Massacre" ended in March 1872, Standard controlled 25 percent of the U.S. oil industry.
BRIA 16 2 b Rockefeller and the Standard Oil Monopoly - Constitutional Rights Foundation

