Over the past 30 years Corporate America has killed the one thing they claim to prize so passionately. Yes the "Free Market". But how?
First, fire your workers that are also your customers or your customers' customers (B2B). Either send their jobs to a land in which you can pay much lower wages. In fact, so low those workers will never be your customers or your customers' customers. Or just simply fire them outright, change their status to part time and/or only hire on a temporary basis.
Eventually your customers or your customers' customers are becoming a lot poorer. What to do? Lower prices to match declining incomes. However, the only way to do that and still make a profit is to grow in size so profits can be derived from volume. So the M&A flurry begins. Some don't make it and are left for dead.
Second, as you grow in size squeeze your suppliers. So eventually your suppliers do what you did, they merge to stay afloat. Some of them are left alongside the road side to die.
Naturally this means more firings and a greater move towards part time and contract workers. In some cases companies reclassify their employees to 1099 workers, or independent contractors.
What is the accumulative effect? A huge race towards the bottom. And we are in it big time.
Want to know why there is so much overt hate now in this country? It's because that little ship in the tidy bowl is becoming more and more crowded as corporations have their hand on the flush lever.
Consequently, the free market is dying. A few big retailers dot the landscape. Some like Sears, Macy's, Radio Shack are slowly fading away. The airline industry has been consolidated into a few major carriers. The health care industry is morphing into a handful of major providers. Ditto how ten banks hold over 80% of total deposits.
Free market? Sorry that has been shoved aside for oligarchies.