The Ubiquitous Monopoly
Monopoly is nearly always seen as something undesirable. Courts have wrestled with monopoly for ages, sometimes defining it as: "the power to control prices and exclude competition", "restraining trade", or "unfair and anti-competitive behavior." Should monopolistic practices be condemned and outlawed? Let's look at anti-competitive behavior and practices, but let's not confine ourselves to what's traditionally seen as monopoly.
The marriage contract is essentially a monopoly document. It represents a legally sanctioned collusive agreement between two parties to exclude competitors and restrain trade. It closes the market to competition, or at least it is supposed to. This collusion has benefits as well as costs. Because I have exclusive rights to her affections and property rights to a stream of highly valued domestic services, I place a higher value on my spouse, making me willing to share with her a greater percentage of my wealth. My spouse receives a comparable set of benefits from this collusive arrangement.
This monopolistic arrangement has a cost side and perhaps some inefficiencies as well. Neither one of us is as attentive as we were before we made our contractual arrangement. For my part, I don't open the car door for her as often, don't use breath fresheners and colognes as frequently, am not as nearly considerate and gentlemanly as before our marriage some 42 years earlier. The reason is simply that before marriage I was competing against other men and therefore could ill afford to act as a monopolist.
Read the Old Testament's Book of Deuteronomy, Chapter 5, where God gave Moses the Ten Commandments. The first commandment, and presumably the most important is, "Thou Shalt have none other gods before me." The second is, "Thou shalt not make thee any graven image, or any likeness of any thing that is in heaven above. . . ." Then there's, "Thou shalt not bow down thyself unto them, nor serve them: for I the Lord thy God am a jealous God. . . ." If a corporation made a similar decree regarding its services, it would find itself in the sights of the U.S. Department of Justice for gross violations of the anti-trust provisions of the Sherman and Clayton Acts. The Ten Commandments decree exclusive dealing and mandate neither substitutes for nor competition with God.
In order for one to condemn all monopolistic practices as evil, at least for consistency, he would have to also condemn marriage and the basic tenets of Christianity.
When I researched which sectors of the economy are monopolized, I had a lot of mixed feeling about each industry. For example, I like that our health care industry is monopolized by the government because ordinary Canadians pay less for health care and prescription drugs. However, I dislike the monopoly in the telecommunications sector because of the poor customer 's service and quality of the product i.e. network throttling. Although, I believe this type of monopoly is necessar·y to more our network infrastructure forward.
We see this most notably socially, but also politically. Very often, Irish describe the a form of abuse they endure at the hands of the “native” Americans. This is unfortunate, but the reality of immigrant live for the Irish in the 1800’s. At the core of “natives” concerns was a shift from political power in the hands of “natives” to political power in the hands of the Irish immigrants, who could be loyal to the pope in Europe. Despite this, the Irish still enjoyed the benefits of the United States nation state and celebrated in the benefits, far superior to those of Ireland at the time.vi As was seen in the movie Gangs of New York, many corrupt politicians persuaded immigrants for support in elections and often employed illegal and manipulative tactics on election day to cast multiple votes.vii There were even political cartoons included in immigration reading excerpts depicting the irish as barbaric monkeys and blaming them for election day violence as well as showing them tear apart the democratic system established by “native” Americans.viii These were likely intended for distribution amongst “native” Americans,
Henry Ford was an American industrialist and the founder of the Ford Motor Company, who stated, “business is never so healthy as when, like a chicken, it must do a certain amount of scratching around for what it gets” (Ford). In the corporate world, individual businesses control other corporations in order to improve their own systems and products. On the macroscopic scale, it is comprised of the corporate world; however, examples of monopoly from the corporate world can be translated onto the microscopic scale. The microscopic scale is primarily the community of families in this society. Families and corporations share this similar idea. Parents dictate their children’s development, and within a relationship one gender may show more power and influence on the other. For the most part, the selfish characteristic of society is the manifestation of monopolism and it raises moral and ethical issues because these acts are inconsiderate of the loved ones around them.
A monopoly exists when a specific individual or an enterprise has sufficient control over a particular product or service to determine significantly the terms on which other individuals shall have access to it. A monopoly sells a good for which there is no close substitute. The absence of substitutes makes the demand for the good relatively inelastic thereby enabling monopolies to extract positive profits. It is this monopolizing of drug and process patents that has consumer advocates up in arms. The granting of exclusive rights to pharmacuetical companies over clinical a...
*Every semester I teach college Sociology classes I always have my students play a game of Monopoly. They don't play normal Monopoly though but one with special rules designed to teach them about how social class and wealth impact success and failure in life.*
In the beginning, life was not easy for the numerous Irish - Catholic immigrants who fled the Great Potato Famine of 1845 and, “. . . Protestant ascendancy, British colonialism and turbulence in their own country. . . “(2) Because of their lack of funds many Irish immigrants landed in less expensive Canadian ports, and then walked down into the United States.(3) Not only was the ocean voyage difficult, but once reaching the United States, most immigrants found that they were not welcomed with open arms, but rather pushed away because of their religious affiliations. Catholics found themselves the minority and targets of discrimination.(4) Settled Americans saw the new influx of Irish immigrants as a plague, dirtying their streets and neighborhoods, filling their jails and sanitariums, creating public disruption. “Negative stereotypes imported from England characterizing the Irish as pugnacious, drunken, semi-savage, were common and endured. . . “(5) A...
Businesses should strive to come up with economic activities that satisfy the needs of all human beings. Most followers of the Catholic Church believe economic activities should not merely be...
Orientalism as termed by Edward Said is meant to create awareness of a constellation of assumptions that are flawed and underlying Western attitudes towards the Muslim societies. Evidence from his 1978 book “Orientalism”, states that the culture has been of influence and marred with controversy in post colonial studies and other fields of study. Moreover, the scholarship is surrounded by somehow persistent and otherwise subtle prejudice of Eurocentric nature, which is against Islam religion and culture (Windschuttle, 1999). In his book, Said illustrates through arguments, that the long tradition in existence containing romanticized images of Islamic stronghold regions i.e. Middle East, and the Western culture have for a long time served as implicit justifications for the European and American Imperial ambitions. In light of this, Said denounced the practice of influential Arabs who contributed to the internalization of Arabic culture ideas by US and British orientalists. Thus, his hypothesis that Western scholarship on Muslim was historically flawed and essentially continues to misrepresent the reality of Muslim people. In lieu to this, Said quotes that, “So far as the United States seems to be concerned, it is only a slight overstatement to say that Muslims and Arabs are essentially seen as either oil suppliers or potential terrorists. Therefore, very few details such as human density, the passion of Arab-Muslim life has entered the awareness of even the people whose profession revolve around reporting of the Arab world. Due to this, we have instead a series of crude, essentialized caricatures of the Islamic world presented in such a way as to make that world vulnerable to military aggression” (Said, 1980).
By law a monopoly is not allowed to exist in the US. It has been long debated whether Microsoft is a monopoly or not? Among other charges Microsoft was charged with "monopolizing the computer operating system market, integrating the Internet Explorer web browser into the operating system in an attempt to eliminate competition from Netscape, and using its market power to form anticompetitive agreements with producers of related goods" (SWLearning).
According to Lionel Trilling, novel is a perpetual quest for reality and one of the most effective agents of our imagination. The Indian novel in English has now become an integral part of Indian English. In between 1920 and 1950’s the themes in Indian English Novels were mostly depicted on national movements for political independence. After Independence most of the Indian English Novelists shifted their focus from nationalistic zeal to find new themes and portray them. They began to delineate from their works and set about for the individual’s quest for the ‘self’.
Zemore, Sarah E.; Fiske, Susan T.; Kim, Hyun-Jeong (2000). "Gender Stereotypes and the Dynamics of Social Interaction".
In the marketplace, consumers will always have more purchasing power in a monosomy market in comparison to a monopoly where the sole producer has the power. Monopolies form in several situations, typically through many entry barriers or government regulation. In some cases, the government relegate a new monopoly in a market owned by the government. If we were to look at an example of a government owned monopoly in Ontario, the first thing that may come University students of legal drinking age (and probably underage students too!) would be the LCBO. For those students who have every traveled to any other province, they would find many sellers in the market which is known as a monopolistic marketplace. One of the benefits of having monopolistic
Banking services through the Internet is a way to keep existing customers and attract others to the bank. This paper online banking is defined as " an Internet portal , through which customers can use different types of banking services ranging from bill payment to making investments " ( Pikkarainen et al. , 2004) .
Orientalism is a tradition of Western representations of the Orient, created in the context of Western political dominance over the Orient, which understand and master the inferior.
This has been done through scaling borders and bringing out new opportunities for the institutions. In India, it has very strongly impacted the strategic business considerations for banks by cutting down the cost of delivery and transactions significantly. While e-banking provides various benefits to the banks and their customers, but it has also been a cause for the increase in traditional and electronic risks. As compared to developed countries, the developing countries face many hindrances and obstructions that affect the successful implementation of e-banking facilities. Electronic form of banking has various features that can help banks obtain success on the financial market. Some of these features are: Increased customer satisfaction Anytime, anywhere access of accounts Better customer relationship Expanded product offerings Extended geographic reach Even with such benefits, electronic form of banking is a risky and challenging