Forthewall
Long Time Member
- Messages
- 3,327
Nemont does not live in an area that has experienced the the net effect of a Costco, Home Depot, or Lowes opening in town.
So please chime in and describe your feelings on the Big Box stores and the impact they have had on your community and you personally as a consumer.
Supporting Alan Greenspan's views on the Sherman Anti-trust Act.
Nemont posted the following:
- "Alan Greenspan, in his essay entitled Antitrust condemns the Sherman Act as stifling innovation and harming society. He says: "No one will ever know what new products, processes, machines, and cost-saving mergers failed to come into existence, killed by the Sherman Act before they were born. No one can ever compute the price that all of us have paid for that Act which, by inducing less effective use of capital, has kept our standard of living lower than would otherwise have been possible."
Now I disagree with Greenspan's views as short-sided, his analogy runs on the hypothetical that cost-savings are going to be carried on to the consumer in the form of lower prices and higher wages for employees.
I completely disagree and believe the only rewards of cost-saving mergers are carried down to are stockholders and management. At the same time local economies are shattered and customer savings and service levels drop far below that of the old mom and pop stores.
When was the last time your cable, gas, insurance, food, or telephone bill was reduced due to the cost savings of a mega-merger?
Again, please chime in good or bad!
So please chime in and describe your feelings on the Big Box stores and the impact they have had on your community and you personally as a consumer.
Supporting Alan Greenspan's views on the Sherman Anti-trust Act.
Nemont posted the following:
- "Alan Greenspan, in his essay entitled Antitrust condemns the Sherman Act as stifling innovation and harming society. He says: "No one will ever know what new products, processes, machines, and cost-saving mergers failed to come into existence, killed by the Sherman Act before they were born. No one can ever compute the price that all of us have paid for that Act which, by inducing less effective use of capital, has kept our standard of living lower than would otherwise have been possible."
Now I disagree with Greenspan's views as short-sided, his analogy runs on the hypothetical that cost-savings are going to be carried on to the consumer in the form of lower prices and higher wages for employees.
I completely disagree and believe the only rewards of cost-saving mergers are carried down to are stockholders and management. At the same time local economies are shattered and customer savings and service levels drop far below that of the old mom and pop stores.
When was the last time your cable, gas, insurance, food, or telephone bill was reduced due to the cost savings of a mega-merger?
Again, please chime in good or bad!
