Elizabeth Warren Takes a Bold Stand Against 'Big Sandwich' in Endorsement of Monopoly Investigation
http://twitchy.com/coucy/2023/11/26/elizabeth-warren-subway-n2390183
Monopolies are a problem that have bedeviled economics and economies from time immemorial. On the one hand you ideally want a free market in which goods are able to be exchanged and companies are allowed to join or separate as they see fit, but along with that freedom comes a risk of having companies acquire so many of their competitors that they begin to exert undue control over the prevailing market prices of goods. Even the founding father of Capitalism himself, Adam Smith, worried about the how 'monopolies derange more or less the natural distribution of the stock of the society' (although it should be noted that Smith was writing about a different type of monopoly, government trade monopolies).
But what constitutes a true monopoly? Apparently to Massachusetts Senator Elizabeth Warren one company having too much control over the 'submarine' sandwich business is a real threat to a free and fair marketplace... because of course she thinks that.
Elizabeth Warren (@SenWarren) ~ We don't need another private equity deal that could lead to higher food prices for consumers. The @FTC is right to investigate whether the purchase of @SUBWAY by the same firm that owns @jimmyjohns and @McAlistersDeli creates a sandwich shop monopoly.
http://www.politico.com/news/2023/11/21/feds-probe-10b-deal-for-subway-sandwich-chain-00128268
Yes, the company that owns Jimmy John's owning Subway would be exactly analogous to, say, John D. Rockefeller and his behemoth Standard Oil that dominated the oil industry until it was broken up in 1911. That's the reasoning that Sen. Warren is going with here.
Hollaria Briden, Esq. (@HollyBriden) ~ Big Sandwich must not win!
Heh.
Cryssie (@CryssieGA) ~ Nice of you to take a break from harassing Elon to break sandwichgate.
Heh heh.
Pierre Rochard (@BitcoinPierre) ~ Is this a parody account?
It can be hard to tell sometimes but we checked and no, that's her real account.
And like Italian dressing out of that squeeze container they use to put dressing on your Italian sub, the memes are flowing.
Dr. Richard Harambe (@Richard_Harambe) ~
Heh heh heh.
Prison Mitch (@MidnightMitch) ~
Magills (@magills_) ~
Heh heh heh heh.
The essential American soul is hard, isolate, stoic, and a killer. It has never yet melted. ~ D.H. Lawrence
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