Why Monopolies Are Bad

"Late last week, a little-known Chinese artificial intelligence start-up called DeepSeek revealed that it had come up with more advanced Artificial Intelligence than America’s Big Tech companies, and at a tiny fraction of the cost — even without access to America’s advanced chip technology.

"To add insult to injury, DeepSeek has made its technology 'open source' — that is, available to everyone.

"The lesson here is that Microsoft, Amazon, Meta, and Google became too big, fat, and musclebound to remain sufficiently innovative. Instead of out-of-the-box invention, they specialized in marginal improvements.

"By contrast, Chinese tech corporations compete fiercely with each other. This has put them on the cutting edge — and why China has been able to come up with startling innovations (not only in AI but in electric vehicles, batteries, even TikTok and much more).

"China’s secret sauce hasn’t been big subsidies from the Chinese government creating giant 'national champions.' It’s been intense competition."

Click on the link below for more:

American Capitalism just got a black eye

Mega-Corporations And Big Tech: A Monopoly Nightmare

"The effort to turn theory into practice that will open up new ways of thinking about antitrust lawsuits attempting to rein in big tech and other mega-corporations, which are operating in a new phase of capitalism."

Click on the link below for a podcast presenting the history of monopolies, anti-trust legislation and what is needed presently to resist the continuing growth of monopolistic corporate practices:

New Era of Antitrust for a New Era of Capitalism, Mega-Corporations and Big Tech

Beware Of The Growing Monopoly Monster

"Monopolies and oligopolies (where a market is controlled by a few producers) give companies the power to push through price increases because customers have fewer options. More than a few observers believe the inflation of the past few years was accelerated by food and agricultural giants — aka “greedflation.” As Time magazine pointed out last year, four corporations are responsible for 60% of the market share for such dietary staples as pork, cookies, pasta, and coffee."

Click on the link below for an example of the growing effort of large corporations to deceive the public by owning a high percentage of familiar brands:

Why Americans should worry about Subway’s new ownership

Monopolies Are A Major Problem For The USA

"Besides their lawsuits against Google and Amazon, the FTC and the Justice Department have proposed new merger guidelines to keep monopolies in check. Not surprisingly, giant corporations are doing whatever they can to stop these new protections from taking effect.

"The optimist in me thinks that as the public becomes more aware of the close connections among corporate power, predation, inflation, wage suppression, and political corruption, the new antitrust movement will eventually succeed." 

~ Robert Reich (/former Sec of Labor under Pres Clinton)

Click on the link below for the details of why and how the USA has allowed this cancer on our economy and democracy:

Who's most responsible for the monopolization of America?

Monopolies: What Is Being Done To Control Them?

"There are bold new moves underway in the U.S. to scrutinize blockbuster business deals and ensure they are in the interest of consumers and the wider economy. Assistant attorney general Jonathan Kanter and FTC chair Lina Khan join Walter to discuss the new proposed merger and acquisition guidelines released last week, and how they are calculated to protect market competition."

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What New Antitrust Guidelines Mean For Americans?

The Harm From Monopoly

"Preet interviews Minnesota Senator Amy Klobuchar about her new book, Antitrust: Taking on Monopoly Power from the Gilded Age to the Digital Age and the work that she’s doing as Chairwoman of the Senate Judiciary Subcommittee on Antitrust, Competition Policy, and Consumer Rights."

Click on the link below to better understand the history and the present state of harmful monopolies in the USA:

Monopoly Isn't a Game