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| Photo by Eric Houser. |
There's no real free enterprise, free market, or open and fair competition in the capitalist system as practiced in the United States. In the U.S., mega corporations agree to carve up entire segments of the economy and then set high prices and provide poor services. They then push a carpet of laws and regulations that lock out competition and stifles government oversight.
By Alex Henderson
One of the fundamentals of free-market capitalism is that consumers benefit when competition is plentiful. If a business is selling a weak or inferior product, consumers can turn to the competition for a better deal. President Franklin Delano Roosevelt understood that, which is why a key element of his New Deal was the anti-trust, anti-monopoly legislation of the 1930s. Roosevelt firmly believed that large companies should be forced into a competitive environment whether they liked it or not, and that belief served the U.S. well for many years. But in recent decades, a variety of corporate lobbyists, far-right Republicans and neoliberal Democrats have shredded the New Deal and undermined anti-trust laws—thus encouraging corporations to grow larger and larger and engage in monopolistic practices.
Here are 10 mammoth corporations that detest free-market competition and do everything they can to stamp it out or greatly reduce it.
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- Comcast
- Monsanto
- Blue Cross
- Bank of America
- Verizon
- American Airlines
- Wells Fargo
- Koch Industries
- Goldman Sachs
- JPMorgan Chase
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