Megiddo said:
Laissez-faire capitalism is based around the idea of no government intervention whatsoever in private business. The government is "hands off" and leaves private business to do what it wants. The point of a corporation is to make money. If there is something that is impeding a corporation from making money then they will do what they can to remove the impediment. Let's use an example. Dollar General and Family Dollar are both entities that serve pretty much the same purpose. They are competitors vying for the same consumers and are each impeding the other from making more money. What usually happens in a free market? Why, they merge! And in Family Dollar's case, it was very much an unwanted merger. That doesn't matter though, because Dollar General had the ability to threaten a hostile takeover by buying up Family Dollar's stock. That resulted in the merger. Sources: That is the free market. That is suppressing the opposition by buying them out and removing competition to get close to monopolizing the market and to have full control
So now, I've done a good deal of teaching. I don't mind the lesson, but it's boring when there's no actual discussion going on. Feel free to bring up your own thoughts if you can manage to sort them out clearly. |
Family Dollar and Dollar General where more or less the same stores even before they merged. Them merging could end up being a good thing overall cause it could mean less of one or both stores which is a good thing because most areas that have either one of those stores need more real grocery stores and less Family Dollar and Dollar General stores.
