Sunday, May 14, 2017

Deception Among Oligopolies


  
                  
                In November I had never heard of an oligopoly before.  I knew what they were, but until this last class I had (in economy) I didn't realize they had a specific name. I'm not saying all companies that happen to be in the Oligopoly or monopoly stage are necessarily bad companies.  The truth is the founder of the company may well have had extremely valid intentions (other than become a successful money maker who cares only about money) and may not even be involved with the company anymore as many founders are eventually kicked out of their own company (that doesn't seem right) but I am saying that there are many who make decisions, advertising for instance, that are done in a deceptive way.  Many businesses seem to get "too big for their breeches" that they have lost vision of what made the corporation great in the first place.  By the same token, consumers need to take responsibility also.  We don't have to put up with their malarkey, you know.  We have other options.  Or do we?

                I don't know how early it was proposed for a tax increase on businesses that could afford it to help the Oregon economy (see here).  I would guess that billions were spent on advertizing for or against.  Unfortunately, those against the proposal (the large companies, most I would suspect were oligopolies) had more to spend.  Both represented themselves as "small business owners" - the ones who actually were small business owners spoke from the heart.  They would give the reasons the economy would be changed if the voter voted "YES"

                The  large companies with money hired actors and actresses who read well and evidently were better at acting than say the geriatrics who "help me, I've fallen, and I can't get up" except THEY WERE READING - NOTHING WAS FROM THE HEART - they'd be ever so smug about it, using the name WILCO  - trying to deceive the public familiar with Winco perhaps (for example) and thinking they recognized the name.  Their deceitful ads worked.  The bill did not pass.  The small businesses suffer as a result.  But glory be to the oligopolies who were able to keep themselves from being taxed.  They must be so proud.




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