BizSugar.com › Strategy › Lazy Corporate Monopolies Are Why America Can’t Have Nice Things

Great article. It could be applied just as easily to the healthcare industry, including hospitals, pharmaceuticals and medical device companies, the defense industry, oilfield services, integrated oil, soft drinks and many other industries.

The points in this article explain not only why consumer offerings (including price) and customer service are in so many industries are far worse than they would be in a competitive market, but why (a) corporate profits are at an all time high as a percentage of GDP, (b) effective corporate tax rates are at an all time low, (c) executive compensation in the U.S. has exploded while middle class incomes have been stagnant for 30 years, and (d) the executives of monopolies and oligopolies spend so much buying the members of both political parties to ensure points a, b and c continue.