10/13/11

How Oligopoly Works

Banking Has Become an Oligopoly Instead of a Competitive Business -- And That's Really Bad News for Us 99% | Economy | AlterNet: "Only in an oligopoly, you have two or more firms calling the shots, and they love to do things contrary to the notion of a free market, like, say, colluding to raise prices. There are a few common signs that tell you when competition has left the building in a given industry. See if any of these look familiar."

We kissed good by to a free market long ago. What's left is what the song says - crumbs from the rich man's table. Shoddy by most measures.

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