sábado, 12 de mayo de 2012

Big corporation, big power

Big corporations are really important in the US Economy. They provide work to thousands of people, they satisfy people’s needs, and they are admired and envied by small companies. 

Nevertheless, some of them do not want to have any competition, so they create monopolies (unfair competition); as a result they can fix the prices they want. In addition some of these companies have influence upon political and/or economic issues of the country; and that is unacceptable. Let’s imagine that a huge laboratory develops a pill which cures a specific disease. Everything is ok. However, the pharmacists know this pill has terrible side effects so it is impossible to sell it. But it does not matter. They have “friends” in the highest levels of the State and they can persuade them (with money, of course) to admit their product. Finally, the magic pill is welcome to the market where thousands of people will buy it without knowing its bad consequences… This is just an example about how some big corporations take unfair advantage of their power. 

I would not say all big corporations are bad or good, but I am totally sure that they must be controlled for the good of all.



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