no, i don't think anyone's wondering that. private equity firms have one purpose and one purpose only.
(I joke, your point is well taken)
I would be 0% surprised if similar things haven't been done or tried in optometry, dentists, etc.
Similar to a guy I knew who sold his restaurant four times, each time buying it back for a song from the new owner who couldn't make it work out.
Perhaps "brought to you by HOLDING_COMPANY_X" should be required.
Vangauard
Etc.
There have been COUNTLESS videos about the above and how much they own.
These are the monopolies we should be going after.
Its incredibly naive to think that they arent actively affecting prices.
"What are you talking about, these guys are JOB CREATORS! they only invest in index holds!"
Yeah... good luck deciphering whats really happening when you think such.
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I don't give a shit what you think about John Oliver, but his "Corp Consolidation" piece shows you just how these units operate:
https://www.youtube.com/watch?v=00wQYmvfhn4
By funding of the smaller guys to be bought out by their bigger players... they then control the play of that industry...
Then they ensure that they all buy in-network shit... so all profits stay in the family. Incestuventure Capitalism. (And no its not about "economies at scale on pricing"
"Economies at SCALING of Price Fixing" <-- Truth.
Food. Oil. Housing. Transport. Healthcare. Education. Policing/Politics ("Safety").
OWNING THE MASLOWS HIERARCHY OF NEEDS. That's their business model.
You're understanding of a monopoly is outdated. Plus, you're likely to knee-jerk with a "Thats not the defenition of a monopoly!"
Cool get all semantic on the third grade defenition of an insanely nuanced issue.
Monopoly in the dictionary sense is the same as a fucking sound-bite from the news on a highly complex nuanced global issue that takes one to have decades, and in some cases centuries, of input factors to understand the nuance.
You'll note that "the Fed" was not in your original list. Also, definition is spelled definition.
" What Is Fiat Money?
Fiat money is a government-issued currency that is not backed by a physical commodity, such as gold or silver, but rather by the government that issued it."
The Federal Reserve derives its authority from the Congress, which created the System in 1913 with the enactment of the Federal Reserve Act. This central banking "system" has three important features: (1) a central governing board—the Federal Reserve Board of Governors; (2) a decentralized operating structure of 12 Federal Reserve Banks; and (3) a blend of public and private characteristics.
>>https://www.federalreserve.gov/faqs/about_14986.htm
>>Some observers mistakenly consider the Federal Reserve to be a private entity because the Reserve Banks are organized similarly to private corporations. For instance, each of the 12 Reserve Banks operates within its own particular geographic area, or District, of the United States, and each is separately incorporated and has its own board of directors. Commercial banks that are members of the Federal Reserve System hold stock in their District's Reserve Bank. However, owning Reserve Bank stock is quite different from owning stock in a private company. The Reserve Banks are not operated for profit, and ownership of a certain amount of stock is, by law, a condition of membership in the System. In fact, the Reserve Banks are required by law to transfer net earnings to the U.S. Treasury, after providing for all necessary expenses of the Reserve Banks, legally required dividend payments, and maintaining a limited balance in a surplus fund.*
(Tell me you can read this in plain english and not see the amount of Spell-Binding) <-- Do you have any idea the power of the written language?
And the Government that issues it is backed only on the faith in the government, of the constituents that make up said government.
And the fact that the government is largely seen to be an oligarchy.
So the US dollar is a fiat currency, backed by the US government, which is backed by the people that live under said government...
And the people who back the government are?
THOSE IN GOVERNMENT.
Everyone else is.... starts with a P.
plebians!
Im sorry, where do I UNVOTE for 'sanctioned quasi-governmental EVERYTHING' and still live it what is called a 'democracy' OR -- IMAGINE THIS even a "representative republic*!"?
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I forgot to mention, only a fucking moron replies on a tpyo!
You fail your username:
I hate to be the YIMBY broken record, but we don't have anything like a purely market-driven approach to housing. An important aspect of a functioning market is that supply is allowed to increase in order to meet demand. This isn't the case in the United States because of zoning laws. The housing market is more like the market for rare coins or something than it is any kind of actual market.
Gee, quite the conundrum.
Full Stop.
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If you want to buy stock in a thing, a hedge fund should NEVER be able to have a complete controlling share.
Why? Because history shows us exactly what happens.
Funds, foundations, "private equity" are all money laundering corruption schemes at the cost of others.
THe problem is that this modality has replaced the definition of capitalism.
There are hedge funds that own over 100,000 houses, hedge funds that buy up every trailer home park they can, hedge funds that, in concert with the realty market, are the reason for high real estate prices.
Its a cancer.
Insulin Martin. is a great example of the mindset of these folks.
The French Money Laundry
FML for shot.
The entire "Too Big To Fail" period should have made this clear. We are clearly in a government regime that would prefer to control the markets through the discount window than let them be truly driven by their own forces.
Yep, we’ve had about 50 years now of a Supreme Court shifting further and further to the right, slowly eroding every government check on corporate malfeasance and rent extraction, including antitrust law. The result has been a slow-motion train wreck, and it’s not clear that anything can be done about it for at least a generation.
I don't think this is a universal truth. Clearly there are situations where consumers prefer national brands or dealing with larger companies. If we don't like it, we can pass laws to impose our morality on the public, but the FTC has their mandate and they are sticking with it until told otherwise.