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Re: Citizens Against Monopoly 

By: lkorrow in POPE IV | Recommend this post (1)
Sat, 02 Sep 17 3:52 AM | 81 view(s)
Boardmark this board | POPES NEW and Improved Real Board 		Msg. 32900 of 47202
(This msg. is a reply to 32898 by monkeytrots)
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I was amazed it was on Huffington, too.

There's one thing about large corps, though, there are economies of scale that enable competition and protection globally (as you say, small companies need a billion to fight 'em). I was upset when MetLife recently cut off their personal life insurance business into a new company -- Brighthouse. Why? They were the #1 life insurer, they have the leverage to compete globally and, most of all, they are Americans investing in America. Now, their cash flow and leverage is down, with 62B in debt and 32B+ in cash. Shoot, Gates and Buffet have more cash. But will they pay down debt with that? Doubt it, they never do. Maybe the "bright" went to Brighthouse

On a side note, they claimed to be giving us a stock dividend of one share of Brighthouse for 11 shares of MET. Yeah, sure, no dividend. The money for those shares came out of the balance in the MET account. Essentially, at the end of the day, the total of both amounted to the same thing, except the Brighthouse stock went down a bit.

I do believe monopolies like Google and FB need to be broken up.




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Re: Citizens Against Monopoly
By: monkeytrots in POPE IV
Sat, 02 Sep 17 2:15 AM 		Msg. 32898 of 47202

Even a stuck clock is right ... twice a day. With huffpo- not worth going to the sight (like trying to get the correct time during 99.999999999% of the day) - but the point about google monopoly is absolutely on target.

went to the citizens-against-monopoly web-site - not worth visiting - hands out, poor design, only a single page with content - and not much more than what was summarized on huff-n-pffffft.

When I hear people tout the bennies of 'capitalism' .... I want to SHOUT - NOOOOOOOO - The bennies of FREE ENTERPRISE - and monopolies/huge corporations KILL FREE ENTERPRISE - so unless ya gots a billion of capital to fight 'em in their area of monopoly - capitalism doesn't do you a squat bit of good.

Big Business/Big Money/Big Government - tweedle dee, tweedle dum and tweedle dummer - not a rat's patootie bit of difference between them - all end in the same result- total corruption of liberty and freedom.

And they do it by working hand-in-hand-in-hand - or more pointedly, like three dogs standing in a circle with their noses stuck up their neighbour's butt.

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