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In reply to the discussion: Robert Reich should be making ALL Democrats use this stuff for their campaigns. It's sickening...... [View all]Farmer-Rick
(12,323 posts)Monopolies always cause prices to increase, unless regulations control their pricing. If you can only get a thing from two or three companies it doesn't take a genius to figure out how much each company is charging. Then they continually increase their prices at the same time, going up and up and up..... because there is no competition. It's indirect price fixing.
Monopolies are the cause of much fewer jobs, especially if you are in a hollow service economy. If you have 10 companies doing the same thing and they buy each other out to the point where there are only 2 companies, then 8 of those companies will be laying off all their workers.
It's pretty easy to figure out why just a few number of companies in each business causes inflation and price increases. Unless our democracy steps in to stop these job layoffs and surging prices they will continue to monopolize, cut jobs and up the cost of everything.