Reason for blog

" I Blog4Peace"

on NOV 4th I am involved with "BlogBlast for Peace"

"It isn't enough to talk about peace. One must believe in it. And it isn't enough to believe in it. One must work at it." - Eleanor Roosevelt



Sunday, August 28, 2011

#67 /100 Reasons I Blog4Peace / monopoly part3

 This is a topic that could be covered for weeks !
Monopoly??? 
Since I have spent a lot of my life avoiding politics I am learning as I go . 
This being said , I try to find the most bias information I can and try to form my Own thoughts from what I learn. This is no easy task !?
  




Monopoly definition http://dictionary.reference.com/browse/monopoly
1. exclusive control of the market supply of a product or service
2. a. an enterprise exercising this control

b. the product or service so controlled
3. law  the exclusive right or privilege granted to a person, company, etc, by the state to purchase, manufacture, use, or sell some commodity or to carry on trade in a specified country or area
4. exclusive control, possession, or use of something

United States antitrust law definition

 The United States antitrust law is the body of laws that prohibits anti-competitive behavior (monopoly) and unfair business practices. Antitrust laws are intended to encourage competition in the marketplace. These competition laws make illegal certain practices deemed to hurt businesses or consumers or both, or generally to violate standards of ethical behavior. Government agencies known as competition regulators, along with private litigants, apply the antitrust and consumer protection laws in hopes of preventing market failure. 

The term antitrust was originally formulated to combat "business trusts", now more commonly known as cartels. Other countries use the term "competition law". Many countries including most of the Western world have antitrust laws of some form; for example the European Union has provisions under the Treaty of Rome to maintain fair competition, as does Australia under its Trade Practices Act 1974.



I decided after searching for the definition of Monopoly I would do a search on "American Monopoly" with the News filter ... this seems to be a less used tag than 10 years ago. maybe it is time to bring it back!

these are some of what I found.  

Whatever you want to call it or name it as you see it. The Oil Cartel, The Banking Cartel, The Diamond Cartel, the Pharmaceutical Cartel, The Medical Cartel and soon to be the food Cartel all seek to use the force of government to attack their competition . John D Rockefeller stated that competition is a sin. Monopolies do not happen in a vacuum. These corporate monsters arise with government intervention and help. Why I am saying this to you? It is because all these corporations now write the legislation and lobby congress to pass it into law. They write these laws in a specific way where the laws do not apply to them and shut down their competition. They have lawyers in the US Justice Department to make sure no anti trust litigation ever becomes known exposing their anti competitive practices. 

 I can see I will have to do more tomorrow on this topic...

Till then 

Peace and Blessings be upon you.

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