Not a theory, pi2. Every member of the G20 has a competition authority to prevent corporate entities from manipulating the marketplace and competing unfairly. All potential mergers over a certain asset value MUST gain pre-clearance from the competition authorities in thejurisdictions in which they intend to operate PRIOR to the closing of the merger or risk having the merger vetoed or enduring forced divestiture of assets in order to prevent unfair competition, monopolies, etc. I think I know what I am talking about
You THINK the economies of scale have been passed on to the consumer in the cases you cite. I note that you do not offer proof of falling ticket prices as a result of the soaring corporate profits. Corporations care about their bottom line and that means operating efficiently. Corporations are not in the habit of handing back their profits to consumers, only to shareholders. Why would they? If the consumer continues to pay higher and higher prices, what corporation is going to lower their prices if they don't have to? That's just as silly as calling all casinos scammers
I do agree with your last sentence that I quoted above. I didn't bother quoting the rest of your post... It's just not worth it.
Ella
No, corporations have to act responsibly to the consumer in earning their profits. In many countries and many areas this is legislated for. An example is supervisory boards in Germany.
Governements fund research ( Airbus, Rail etc. )
RAILENIUM gets
In return they expect the industries such as the airline industry etc. to act responsibly, increase service to the public, etc.etc.
Look up the BA corporate responsiblity documents - I used to work indirctly for them and believe me the managers take it seriously.
BA hands profits back all the time - below cost specials, community development in the poorer areas they serve etc. etc.
UKTI and British Airways Help UK SME’s International Business Take Flight..
Staff have a culture of volunteering and it while a few projects generate publicity many are just a function of corporate responsibilit for profit.
Large efficient airlines generating reasonable profits are far better placed to contribute.
BA,s corporate aim is to become the World,s most responsible airline.Quote
Quote:
Our corporate responsibility
vision is to become the world’s
most responsible airline, and
we have developed guiding
principles that describe what we
are doing to achieve this goal.
end quote
I doubt if stupid edicts from the
G20 are going to stop Germany France, GB etc. co-operating with major enterprises, rail, airlines etc. to nourish responsible sustainable enterpries.
pi2