AT&T Lies About Merger

"Color of Change"? Well that explains a lot right there.

Critics argue that capitalism is associated with the unfair distribution of wealth and power; a tendency toward market monopoly or oligopoly (and government by oligarchy); imperialism, counter-revolutionary wars and various forms of economic and cultural exploitation; repression of workers and trade unionists, and phenomena such as social alienation, economic inequality, unemployment, and economic instability. Critics have argued that there is an inherent tendency toward oligolopolistic structures when laissez-faire is combined with capitalist private property.

Austrian School economists have argued that capitalism can organize itself into a complex system without an external guidance or planning mechanism. Friedrich Hayek considered the phenomenon of self-organization as underpinning capitalism. Prices serve as a signal as to the urgent and unfilled wants of people, and the promise of profits gives entrepreneurs incentive to use their knowledge and resources to satisfy those wants.

Yet what we have seen is a drive to the bottom for wages, as a way to lower costs. Capital is used to finance lowers product prices in order to force the competition to lower prices, and thus demand lower suppliers costs, including wages. When one company cannot sustain itself, or appears to be weak, another company will buy out the competition, increasing market share, reducing suppliers, thereby causing them to reduce prices, eliminating jobs at both the supplier and the buyer levels. With reduced competition comes the increase in consumer prices.

I completely agree with RevKen that we should not be allowing these kind of mergers, rather we should be encouraging more competition by making it easier for others to enter the market, and setting limits to market share when a limited amount of companies control the market. Monopolies are bad for consumers and bad for workers.

If we do not want to bail out corporations that are too big to fail then we should not allow these mergers to happen.

So many people that want to tell us that America is supposed to a capitalist society forget that a major part to capitalism is competition.

A little more than 100 years ago we had a President that successfully fought against the Robber Barons and broke up the trusts. It seems as though they are being recreated.

First, there's nothing wrong with profits. ATT wants to be bigger than Verizon. TMobile has been struggling financially. They have been a buyout target for a couple of years. Despite their financial situation TMobile has technology capabilities ATT wants to buy.

Obviously anytime the number of companies in a market dwindle, competition for customers may decrease, lowering the need for price wars. But there are still three major players ... ATT, Verizon and Sprint.

BIG always wants bigger - law of the corporate jungle.

( somebody should just shoot those tigers ever so often . . .)

with friends like those democratic reps we don't need any enemas.