Originally Posted by nizfiz
the fact is, in certain industries like telecom, and oil, we can't live without their product. so they can do whatever they want and we'll still pay for it cuz we need it. that's when you need government regulation.
And right there the solution is just as bad as the problem. Guess it's the just the Marine in me talking, but I'm seriously wondering when the American public gets so fed up with the way they are being rammrodded into some sort of quasi corporate-socialist nanny state that we have a collective meltdown.
Kinda still on topic - anybody used one of these new self-checkout stands at the grocery store, maybe Home Depot? I used one today, and the only thing I could think of was just how many people did corporate lay off when they started installing those things? How many people got their hours so drastically cut that they quit? How many people am I hurting because some dweeb in accounting concluded that an automated checkout could allow them to scale back on the low paid work force? And that's when the Marine comes back into play - because I want to find that dweeb, staple a barcode to his forehead and scan it a few times by smashing his head into the counter. And then have someone else do it when the barcode doesn't register. No, I really don't like it when the little guys get crapped on. But that is all that is going to happen when the big telecoms get their way.
Melcar, please look to AT&T for an example of what you get in American capitalism: I prefer to call it corporatism, which was also Benito Mussolini's definition of Fascism BTW. AT&T now owns all of the pieces that it broke up into and they were all bigger than when the whole thing started. It's the same story as Standard Oil - Politicians put on a big show about protecting the public while behind the scenes the money guys are already figuring how to legally rebuild it so that in the end nothing gets done to fix the problem.
Make no mistake, capitalism works very well, all the way up until the big players in the free market get so big that they can control it, which means that it isn't free any longer.