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Showing posts with the label profiteering

Profiteering and Racketeering explained

There is a lot that falls under this and most these actions are illegal in US law while all are immoral or unethical.  Capitalism runs > only < with healthy competition.  You'll note that almost all of the following involves the removal of competition. Divided territories, The splitting up of land to which two competing business's do not overlap and actually compete. Patent misuse, Buying of patents with the promise of one thing but doing something else, in most case's just obtaining them to self and forget as a means of removing competition or advancement of tech. Absorption of competitors, Buying up competing business's for the simply act of removing competition. Deregulation, Removal or adjustment of laws, legislation or regulation to fit their actions. Limit pricing, Setting up a minimum entry fee for new business's to reduce the chance of a new business upstart to compete. Refusal to deal, Only working with one dealer to prevent new starts fro...

Intro summery

There are many many things broken in the US legal and Economy fields, but the bulk of them are just symptoms and effects of a root cause.  Health care costs, food costs, internet costs, law enforcement responses and actions, government actions, crime, government assistance programs, general product costs, transportation costs...basically everything is effected by so little and surprisingly how little is truly at fault of such a large picture. This all started back with President Reagan.  Too many people have a short and narrow view and place blame on the most recent events, but in truth viewing the world like that will only hurt the world. The two things that are at the lead for being cause's to the vast number of problems is Corporate Greed and Executive Pay. Corporations trying to pull in as much profit as they can have turned to a method of doing so by any means even those that are illegal. This is just the top: under current legislation this is not entirely illegal...