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The Problem With Monopolies

It is not just that the consumer has no choice. Some will learn to do without the products,  some will devise alternatives. The major impact of monopolies is that when they are broken, those who run them have absolutely no ability to deal with competition.

The ex-monopoly tries many ineffective methods to regain the customers, who leave in droves, preferring the competition, regardless of cost or quality.  For people hate monopolies. Those who run them are not aware of the hatred.

Over the years, many monopolies have been smashed.

Under America’s current President, the reality has just been grasped that the world can live without American products.

It should have been evident from the first day Trump took office and went to close the car factories in Mexico. Within less than 24 hours, China took them over.

The Free Trade Agreement that Trump pulled America out of has re-emerged with 11 signatories to the that will eliminate trade barriers and streamline economic policies for countries across the Pacific Rim.

98 percent of tariffs of Canada, Chile, Mexico, New Zealand, Malaysia, Vietnam, Singapore, Brunei, Australia, Peru and Japan have been lifted.

Japanese cars, for example, will arrive in Canada without paying various tariffs. Chilean Beef can go to Vietnam without tariffs.

This deal will be of great benefit to these eleven nations, and of great detriment to the United States.

What do you think?

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Written by jaylar

Wordsmith BuddySmarty PantsLoyal BuddyBookwormStory MakerYears Of MembershipContent Author

8 Comments

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  1. Wow Indexer! I didn’t know that. I think Roundyup is banned here…people here are very sensitive to GM…

    When I go to market, I always look for the handicap kind of vegetable, the kind that suffered when it was growing, for those are real.

  2. Global monopolies can be extremely dangerous. I am particularly concerned about the activities of Monsanto, which produces genetically modified seeds and Roundup weedkiller, which are designed to work together so that farmers will have no choice but to buy both at the highest price that Monsanto can squeeze out of them. The plants that farmers grow – and many of these farmers are in developing countries – will not produce seeds that can be sown for next season’s crop, so the farmers’ livelihoods will be completely dominated by a company that is on track to have control of the world’s food supply.

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