In Americas history when any sector became too monopolized such as Standard Oil or AT&T it was broken up into many companies and made them to be more competitive and vibrant, when Chrysler was in danger of going bankrupt America even talked about nationalizing the automobile industry, I believe this was a good policy and helped America nurture a healthy competitive dynamic economy that was good for the owners and the workers alike.
If you compare that policy with the cannibalistic monopolies of corporate America now,
is it any wonder that Americas and even Canada’s economy can not compete in the global market place, for example in the 1950s there were no less than 50 competing media companies in America and literally every viewpoint was covered and there was real news reported by real reporters, today after decades of unbridled consolidation there are basically 4 media groups and are more entertainment than news with each vested interest group telling people what they want to hear instead of reporting cold hard facts.
It is the same in every sector of the economy, corporations and big money are more interested in gobbling up anything and everything that they can liquidate or just a matter of getting rid of the competition.
It is my belief that this is a big reason that Capitalism is no longer able to live up to the promise Capitalism had for the vast majority of people in the past.
If Capitalism can no longer pay workers a fair living wage for their labour it is time to move on to a more equitable system.
A government should break up every monopoly using the anti-combines laws that served Canada well for many decades and have been foolishly discarded by the Conservatives, the super arrogant bloated corrupt banks that in their greed and quest for power have brought the whole word to it’s knees and continue to do so to this day are one obvious target, break up the monopolies and it would result in a new renaissance of western prosperity.
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