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Do they teach people now that Monopoly‘s are good

Posted on 8/26/26 at 12:04 pm
Posted by TutHillTiger
Mississippi Alabama
Member since Sep 2010
49907 posts
Posted on 8/26/26 at 12:04 pm
They seem to be everywhere now and they are making record profits by using their monopoly power.

The beef industry, most aspects of the food industry, pharma, big banking, insurance, health, of course oil. They all are making record profits and strangling the disappearing middle class. (I know everyone on here is a multimillionaire but I fear for the future.)

I remember the merger mania in 80/90s fueled by KKR and Goldman, but most of those were dramatic failures. Did economic theory change or something? How the frick did we get to this point, or am I missing something. (I don’t want this to be a political discussion because there is really only one political party $$$
Posted by SoDakHawk
South Dakota
Member since Jun 2014
10910 posts
Posted on 8/26/26 at 12:18 pm to
The meat packets and agribusiness are definitely monopolies. Beef prices at the store are at prices so high people can't afford it yet the producers aren't getting good prices and can't risk expanding their herds. The packers in the middle are sucking up all the profits because there is little competition.
Posted by LemmyLives
Texas
Member since Mar 2019
17621 posts
Posted on 8/26/26 at 12:19 pm to
One of you can't spell monopolies, and the other confuses monopolies for oligopolies. I'm sure this will be a thought provoking thread.
Posted by soccerfüt
Location: A Series of Tubes
Member since May 2013
76227 posts
Posted on 8/26/26 at 12:21 pm to
I’m in like Pennsylvania Avenue or Park Place on the Monopoly Board. Not Boardwalk, but from this side of the board, life ain’t bad.
Posted by jchamil
Member since Nov 2009
19928 posts
Posted on 8/26/26 at 12:22 pm to
All of your high level government connections should be able to answer this for you
Posted by King George
Member since Dec 2013
6121 posts
Posted on 8/26/26 at 12:24 pm to
quote:

teach
quote:

Monopoly‘s
Posted by Oilfieldbiology
Member since Nov 2016
42795 posts
Posted on 8/26/26 at 12:39 pm to
quote:

Did economic theory change or something?

The economics are the same. Math doesn’t change
quote:

How the frick did we get to this point,

Business got large enough to employ lots of lobbyists. These business got in bed with government to write regulations so onerous that it became economically untenable to start certain business for the average person.

The expansion of the governmental regulation led to oligopolies headed by business majors.
Posted by BabyTac
Austin, TX
Member since Jun 2008
17209 posts
Posted on 8/26/26 at 12:40 pm to
Yes, remember during Covid when locally owned businesses were forced to shut down, but the big box stores could stay open?
Posted by SixthAndBarone
Member since Jan 2019
11350 posts
Posted on 8/26/26 at 12:41 pm to
We need to teach people now the difference between plural and possessive.
Posted by SixthAndBarone
Member since Jan 2019
11350 posts
Posted on 8/26/26 at 12:44 pm to
quote:

The meat packets and agribusiness are definitely monopolies. Beef prices at the store are at prices so high people can't afford it yet the producers aren't getting good prices and can't risk expanding their herds. The packers in the middle are sucking up all the profits because there is little competition.


Beef is high right now because of the last drought we had. Less hay was able to grow, therefore, the ranchers had to cut their livestock numbers back. The lower numbers hit the market and now we must wait on more cows to grow.
Posted by facher08
Baton Rouge
Member since Aug 2011
6321 posts
Posted on 8/26/26 at 12:48 pm to
quote:

I’m in like Pennsylvania Avenue or Park Place on the Monopoly Board.


Rookie. The real ones know you make your nut with orange and red.
Posted by waiting4saturday
Covington, LA
Member since Sep 2005
11163 posts
Posted on 8/26/26 at 12:59 pm to
quote:

food industry, pharma, big banking, insurance, health, of course oil


do you know the difference between a monopoly and a cartel?
Posted by MFn GIMP
Member since Feb 2011
23059 posts
Posted on 8/26/26 at 1:02 pm to
In general a monopoly is not good but that doesn't mean all monopolies are bad. Standard Oil was a pretty good monopoly and actually resulted in price decreases for kerosene among other benefits.

Posted by redandright
Member since Jun 2011
9810 posts
Posted on 8/26/26 at 1:02 pm to
I own twelve different Monopoly board games.
Is that good?
Posted by Raoul Stimulato
Hale Bopp Comet
Member since Sep 2022
2574 posts
Posted on 8/26/26 at 1:14 pm to
quote:

Monopoly‘s


This right here

Discredits everything you typed subsequently.
This post was edited on 8/26/26 at 1:15 pm
Posted by TheFlyingTiger
Member since Oct 2009
4244 posts
Posted on 8/26/26 at 1:23 pm to
sir.

the word we use now is "public private partnership" and it's GOOD now

(that said it's more cartel-ized than it is monopoly)
This post was edited on 8/26/26 at 1:24 pm
Posted by wm72
Brooklyn
Member since Mar 2010
9753 posts
Posted on 8/26/26 at 1:23 pm to
quote:

food industry, pharma, big banking, insurance, health, of course oil. They all are making record profits and strangling the disappearing middle class.



Spend their money on labeling anyone that really threatens the shareholders bottom lines whether through monopoly, oligopoly, corporatism, crony capitalism or profitable mixes of them as anti-American or socialist.
Posted by SoDakHawk
South Dakota
Member since Jun 2014
10910 posts
Posted on 8/26/26 at 1:31 pm to
quote:

One of you can't spell monopolies, and the other confuses monopolies for oligopolies. I'm sure this will be a thought provoking thread


Oligopolies that collude to control the market. The Big 4 meat packers control 85% of the market. But that's ok.
Posted by GeauxOn
Texas
Member since Mar 2014
427 posts
Posted on 8/26/26 at 1:45 pm to
Economic theory hasn't changed and quite honestly what you are seeing today is a proliferation of one the basics of economic theory, economies of scale. As the nation/world became less regionalized and goods began moving across the globe, scale in both buying power/cashflow and logistics, proved to be the most effective way to make goods still affordable as costs of goods continually rise.

Smaller companies struggle to maintain readily available cash to be able to pay for increased costs of goods and services and therefore either have to sellout to the bigger guys or be stuck without a great path of growth. Some small companies maybe okay without growth, but ultimately if it's a family business, families tend to grow and there isn't as much money to go around. Its the 3rd generation problem most family businesses face. In the world of logistics/distribution, we are now in the 3rd and 4th generations of family companies.
Posted by GeauxOn
Texas
Member since Mar 2014
427 posts
Posted on 8/26/26 at 1:50 pm to
The irony for me is that I work for one of the largest wholesalers in the US and actively work on deals that leverage our scale to lessen the cost of goods via supply chain. Personally, I wish the US would go back to more regional economies and maintaining the uniqueness of all the pockets of America, but I've got bills to pay and family to feed so I'll continue fueling the machine of nationwide scale.
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