ianorlin wrote:
ruveyn wrote:
Oldout wrote:
Globalization is Western propanganda that all should honor the greatness of multinational corporations and bow to their wishes.
Corporate dominance in commerce is NOT propaganda. It is is real as rain. And there is a good reason for it. The corporations offer economies of scale that smaller firms cannot.
When Rockerfeller achieved dominance of oil production in the U.S. the price of kerosine (at that time the most in demand distillate) went
down by 90 percent. And for good reason. The low price lead to large scale purchase which produced mammoth profits for Standard Oil. Big Bad Capitalist. That S.O.B. made kerosine affordable to even the poor peasants.
ruveyn
Wouldn't that cause more enviornmental damage from the negative externalities of the kerosine?
At that time, no one was worrying about the environment.
There were capitalists the were offering electric cars (late 19 th century, early 20 th century) but they were outcompeted by the capitalists who made petrol powered cars.
However to return to the point, the corporate dominance of certain industries actually led to a reduction in prices (due to a reduction in the cost of extraction or manufacture) and a consequential increase in the number of people who could afford to pay. Back in the 30's and 40's A & P worked on the principle of volume. The eliminated the middleman and priced one or two percent over cost to produce a mammoth volume of purchases. By the way, the compaints against A & P were almost verbetim the same as the complaints against Wal-Mart. There was pissing and moaning about the demise of Ma and Pa grocery stores that could not match A & P prices.
Corporations dominate the production and distribution of food. The U.S has a problem with obesity and Americans pay the lowest percentage of any nation for their food. Medical care may come dear, but food in the U.S. is as cheap as borscht.
ruveyn