Where is the SEC on these large companies...?

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   jackclee lmposted 5 years ago

   We have these large companies like GE and Amazon and Google...where they seem to be too big to fail...
   Why does our anti-monopoly laws not apply here?
   We allow these companies to grow and buy and merge with competitors...and then when they get too powerful or too big to manage...we wonder why they fail?
   The time to control these companies is before they get this big.
   GE just got hammered at the stock market due to their announcement or reducing the dividends to 0.01.
   Amazon stock just dropped by 25% over the past week...even though they are making and surpassing their revenue targets.
   Google has been exposed again for hiding the fact they lost user data to hacking...
   Where is our government over sight?

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      wildernessposted 5 years agoin reply to this

      Hard to call Amazon a monopoly when WalMart (aren't they the biggest company in the world?) is gaining ground on them every day.  Amazon has about 40% of online sales - that doesn't sound like a monopoly to me.  A big outfit, yes, but certainly not a monopoly.

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         jackclee lmposted 5 years agoin reply to this

         What is a monopoly?
         Amazon is the only one that conducts sales via the web and sells across the globe and offer free delivery if you are a prime customer...
         That is a monopoly of “business” model...
         They have no physical stores like walmart.
         They have no overhead.
         They have no inventory...
         They have no competition to speak of.
         It sounds lime a monopoly to me.

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            wildernessposted 5 years agoin reply to this

            ?? I buy online from Walmart, and would bet they sell across the globe (not that that has anything to do with being a monopoly).  They offer free deliver on some items, third party sales like Amazon does, plus (I think) free delivery on anything delivered to the nearest store rather than your doorstep.
            
            Can't see that having no stores makes them a monopoly.  But they do have some storefronts now anyway.
            They certainly DO have overhead, and inventory as well; Their warehouses are monstrous, and likely larger than any other company anywhere.
            They have more and more direct competition all the time.

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               jackclee lmposted 5 years agoin reply to this

               What you are missing is the bigger picture.
               It is not a monopoly in the old traditional sense.
               It is a monopoly in the manner that they drove many other business out of business. Like Sears and kmart and Sports Authoriy and Toy R Us and many other big box stores.
               These stores use to provide competition to consumers.
               Now, there is very little competition.
               That to me is the definition of a monopoly.

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                  wildernessposted 5 years agoin reply to this

                  I don't know that it was Amazon so much as it was online sames without showrooms - a business model, then, rather than a company.
                  
                  Yes, Amazon is certainly the largest one, but there are thousands of small ones selling on eBay, too.  And others as well: Does overstock.com have a showroom?  Wayfair?  Not sure, but don't think either one does.  I see plenty of competition with that basic business model and of course WalMart is only one of many big box stores that are going online as well - looking to occupy both worlds out of one warehouse I suppose.

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      promisemposted 5 years agoin reply to this

      This is hardly a conservative view. It's actually quite socialist.
      
      Free markets allow companies to grow as large as they want without government interference.

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         jackclee lmposted 5 years agoin reply to this

         Sorry but you are wrong. Conservative believe in free enterprise to prosperity but with constraints. Anti monopoly being one of them.
         We also believe in a level playing field. Crony capitalism gives us a bad name. We cannot have large corporations with highly paid lobbyist and lawyers getting special priviledges while the small business suffer from overly burdening taxes.

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            promisemposted 5 years agoin reply to this

            Free enterprise has no restraints. That's why it's free. Government interference is socialism.
            
            That makes you a socialist. 

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               jackclee lmposted 5 years agoin reply to this

               You are distorting the free enterprise system. There is a whole range and spectrum from all free, libertarian believes to the government controlled and runned business of socialism and communism.
               “Free does not mean all rules out the window”.  Just like there are limits to free speech. Don’t you agree?

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                  promisemposted 5 years agoin reply to this

                  Not at all. My position is perfectly conservative.
                  
                  You distort the free enterprise system by arbitrarily deciding you want goverment to prevent companies from growing beyond a certain size.

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                     jackclee lmposted 5 years agoin reply to this

                     What do you mean arbitrary?
                     It is a matter of government regulations that have been in place since the great depression.
                     You tend to distort conservative positions and then attack it.
                     You have no good understanding of conservatives and what we stand for.
                     You just assume you know what it is.
                     And we all know what happened when you assume...
                     You make and ASS of U and ME.

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                        promisemposted 5 years agoin reply to this

                        Are they the same government regulations that Trump has been killing by the thousands for the sake of free enterprise?
                        
                        I only attack fake conservative beliefs, not true ones.

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                           jackclee lmposted 5 years agoin reply to this

                           The regulations Trump elliminated had nothing to do with reducing monopoly or keeping business honest and level playing field. In fact, they were over burdening to the point business were cutting back and inhibiting new business creation.
                           The same goes with the insane regulation on CO2 emmissions...which the EPA imposed to kill the coal industry.
                           The problems is you and other socialist democrats has never rejected any tax hikes and any regulations that inhibit growth.
                           That was why our economy was in such a poor state under Obama.
                           Trump is doing it right and the economy is booming, with GDP above 4% which Obama said it could never happened. We were to live with a 2% growth rate indefinitely. He was proven wrong.
                           
                           The tax and spend policy of Obama is what was wrong with out economy, not the free enterprise system.
                           
                           In fact, those same bureaucrats still in office are trying to undermine the Trump reforms...
                           They still think we should tax more and spend more...and increase size of government...
                           to what end?
                           You can fill in the blank.

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                              jackclee lmposted 5 years agoin reply to this

                              Promisem, Now I know why you won’t debate me. You don’t know what positions I have. You just assume what a conservative is but don’t know what is real conservative. You might just find we are not so different. We just go about it differently. Our policies actually get results.

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                           jackclee lmposted 5 years agoin reply to this

                           You would learn more by reading book by Milton Friedman “Free to Choose”...

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