So if a common saying is: "Knowledge is power," and 'power' is replaced by 'knowledge' in your statement (given these are proclaimed to be interchangeable, hence the equals 'is'/linking verb), would it then be: "Knowledge corrupts, and absolute knowledge corrupts absolutely?" Bear in mind that the Roman Emperor Marcus Aurelius was asked to govern the Roman Empire and at first didn't want to, yet did so in the end and lived soberly and in service to Rome, even though he could have it all, staying true to the Stoic principles he already had before. Similarly, Plato argued about Philosopher-Kings - as opposed to moneyed interests - who should steer the civilization and refrain from conducting commerce. Finally, the Brahmans of the upper echelon of the Hindu caste system also didn't strive for absolute power despite their privileged positions, rather for 'knowledge, understanding & wisdom,' as far as I know... They were also quite dependent on some of the lower castes, resulting in a power balance. Bottom-line, matters aren't always as clear-cut as a one-liner that sounds smart!
( Competition is not neccesity of a free market, certain tech or knowledge is copyright it can just be used by anyone, in fact as you can see they just buy out brands and they end up being the same conspirators anyway, the same issue is the problem, competition is an illusion so they can buy up companies any way. )
It’s the Walmart model, put every else out of business by underselling but are able to make little or no profit but sustain it , then you put the mom and pops out of business, then you only compete with 2 or 3 other monopolies, then collude and control prices
lol no one likes competition. Every field, every occupation, every corporation, every government wants less supply of competition and greater demand so they can bargain more.
Yes probably because Elon musk have a lot of good ideas. Ideas . But once the Golden age really cranks up all the old thoughts or the things we used to think will pass away, like it's an afterthought. Yes I know it's going to be bumpy but not everything's going to be alright. But you're going to look back through the years, and said oh my goodness things are definitely a lot better off now. U will want this economy forever
Chris, you are always up to date with the latest news! I really appreciate how in tune you are with the trends and how consistently you share your perspectives. Thank you for that!❤
“Year after year RECORD revenue!!! So…. The CEO gets a raise and we are going to be laying off THOUSANDS of the hard working people that made ALL of this possible.” - Every CEO and major company ever
@@DoorsOfPerceptionPDM legit the woke bs has ruined alot of entertainment these days and is probably one of the many reasons alongside allowing men in women restrooms that pissed people off. Even Marx isn't into the woke ideology. You are out of touch.
Right now they look more like oligopolies. Bill Gates was the monopoly freak ever since he was a student. He wouldn't quit a game until he won, so said his classmates who got fed up with him.
I understood the concept of "bridled capitalism" when I studied political science. I do think hard work and risk taking deserves reward. Good government provides the bridled. The narrative that regulations and restrictions do harm is an oligarchs perspective.
Americans as a People need to smarten up and start supporting their local small businesses and mom n pop shops and stop going to these big name corporate chains. Heck!, not just Americans, EVERYONE!
Imagine what would happen to rent prices if one profit motivated landlord owned all the rental property in your country 🤔 this is what we call a monopoly not free-market capitalism.
I talk about Hyundai since I heard, they will build the K3 tank, and what type of engine it will have. Plug-in hybrid with hydrogen. Super silent, huge range. Imo something like that in small for cars will change the car market. Hydrogen supply is no problem, it's easy to produce, and it seems superior to full electric and fossil fuel cars. You don't need the battery, while having a clean car with all advantages of an electric engine. Hyundai does it for a tank, and I hope they also will do it for a car
Consumers have a responsibility to know this stuff and be a lot more discerning about what we buy and who we're buying from. We have literally done this to ourselves by not paying attention and frankly, being out of control consumers. It's not an "I need" economy, it's an "I want" economy. We play right into their hands, every day with our choices. Do we need as much fast food as we eat? Do we need the newest upgrade of a cell phone when the one we have still works perfectly well? Do we need a new car every 2 - 3 years? Do we need three or four streaming services at the same time? NO. We are swayed by terrible ads that encourage a 'keeping up with the Jones' (or in America's case, the Kardashians) mentality and it's making us poor, in debt, unhealthy and unhappy! All you have to do is look at the number of obese children, the personal bankruptcies and the mental health problems in society and you know we've lost the plot.
"Ruinous competition" as Rockefeller said. In short, competition hurts profits because it helps the consumer. No business, let alone parasitical corporation, should ever be allowed to approach anything close to "to big to fail"
The best thing that can happen in this merger is that Honda has majority say & fires all of Nissan & Mitsubishi’s engineers as well as their business/marketing teams, & replaces them with their own people. Only then will, competency & quality be restored in these brands. I’d cheer on maybe a Honda-Toyota merger but this sounds like a nightmare. But definitely fire the latter’s engineers & product design teams for sure.
@@realchris Here in Germany due to our dark past we have some rules in place that a new government could not that easy invalidate the constitution, it might not withstand constant attacks for many, many years, but the most basic rules are not that easy to break. In the US it seams that there was no actual constitution in place, just kind of common agreement. WIth this the US is now really in a bad place and I start to understand why there is nobody resisting the Trumpists anymore. The country now agreed to ingnore the constitution.
@@D.I.S.C.O.R.D.A.IIf you choose wrong or vote the couch you’re in for a ride. We have new administration of billionaires of the billionaires for the billionaires the way the founders intended.
The new age of monopolies? I read about this in history class in middle school. They called them the "robber barons" and they were eventually broken up by Theodore Roosevelt after they nearly destroyed the economy, political system, and society.
I had a thought 😁 how do you like this idea… When Putin took power he put the richest oligarch Khodorkovsky in jail and took his money. Obviously I’m not hoping US becomes Russia, but imagine Trump pulling the same trick in Elon 😂 I’m sorry, it just amused me as a thought. Thanks for your amazing work Chris 🙏❤️
Exactly. When Comrade Neurosyphilis was (s) elected, I thought people aren't so smart. Don't they realize that with most oligarchic governments, the oligarch, such as Putin, and Mohammed Bin Salman grab other wealthy people's wealth? What's to stop Comrade from doing the same? I don't think Comrade is afraid of Musk, but the only thing holding Comrade back from grabbing Musk's wealth is Comrade's own stupidity...
Imho, that’s why Bezos and Zuckerberg are handing him so much cash. They are trying to buy their way out of jail Don’t forget, many of the people he is seeking “ revenge “ against are wealthy too like the Cheney’s
Thank you - interesting to be aware of your prediction - I'm afraid you are absolutely correct. There isn't a "Lani Khan", who was working at the Federal Trade Commission, anymore; and who was working at breaking up those monopolies... 😢😢
jollibee, pronounced "jolly-bee", is a Philippine's company (last I heard) and generally likened to the 7/11 of the Philippines. They recently started doing fried chicken here and it is the absolute best...even better than Popeyes and more affordable too. I highly recommend it.
Mergers generally hurt the consumer and workers. Adam Smith warned about the invisible hand moving companies to consolidated to avoid competition. He called monopolies wretched. An economy where employers compete for workers and consumers benefits more people. If our new oligarchy-kakistocracy allows Kroger and Albertson's to merge, grocery prices will increase.
I’ve owned Honda cars for many years. My current car is a Clarity, a plug in hybrid that combines the best of electric and gas operation. Like most Americans, 90% of my driving is local. I plug in the car every night and the next day’s trips are all electric. This turns out to be convenient (no time wasted stopping for gas), inexpensive (since I have home solar, the marginal caused by charging the car is close to zero), and clean (no tail pipe emissions). On occasional road trips it operates as a standard hybrid without the range anxiety that is still a problem for EVs. Sounds like a winner, right? Well, after five years Honda stopped making the car, apparently because the Clarity wasn’t profitable enough. Consolidation might have allowed Honda to continue manufacturing specialty cars like the Clarity with small production runs. Or it might cut the other way with less room for innovative designs.
Having only one network/product serve the whole market is more efficient. But the benefits of that efficiency rarely get passed along. Instead, we get CEOs jacking up prices to put millions/billions of dollars in their pockets now that people don't have viable alternatives.
It's more efficient, but you won't get innovation. It will be like the Trabant, the car in eastern Germany. It barely changed and improved over the years, and didn't survive the reunion
@@leonnunhofer3453 Having a single manufacturer doesn't prevent a monopoly from still investing R&D into improving products until practical perfection is achieved. Stagnation is a choice, not baked-in. A monopoly on durable goods still needs to offer meaningfully improved products to generate steady repeat sales. TSMC has an effective monopoly on high-end chips with even Intel and Samsung who have their own fabs using TSMC for most of their high-end stuff because their own in-house processes aren't keeping up. That isn't stopping TSMC from investing billions each year into advancing its manufacturing operations. Same goes for practically everyone in the upstream semiconductor manufacturing supply chain: they each have a practical monopoly on their part of the global process because global demand for most of these components and highly refined consumables is too small to effectively support two competing manufacturers.
💯 same with VW but now they struggle and wanna ban competition in Europe so no one can buy cheaper Chinese cars. They lost the game but still want to cheat 😂
If it's not family owned and listed on the stock exchange, then it probably belongs to a conglomerate of some description. They use their size to undercut prices of "competetitors" driving them out of business and absorbing their assets. The purpose is to dominate a sector to the extent that competition is minimal and they can then set whatever pricing they like. Capitalists hate competition - despite the propaganda to the contrary.
I remember when Hyundai first came to America. They were just little boxes on wheels. But now, they are pretty sophisticated. I have a 2013 Veloster I bought used and it makes for a great commuter car. As for monopolies. I remember the days AT&T when long distance calls were outrageous. Now we talk for hours long distance without a care for the cost.
Korea has developed up super fast! As I've mentioned if you see movies like 1987 the day will come or 12 12 the day, you will be amazed compared to what it is today. The companies and quality of goods reflect it also :)
The umbrella's looks much worse when you look at cosmetics and pharmaceuticals. And gets even more of a monopoly when looking at grocery/supermarket stores and telcos.
I think it was Hyundai and Kia that reawakened the car manufacturers' creative design style. The cars were soooo boring in their exterior design till Hyundai made their cars sexier with curves and details on the doors. They innovated the look with their overhead windows and sleek lines, AND they did it at an affordable price point! I'm very thankful to those Korean companies for their innovation and their business contributions.
Broliarchy is the new term now, where all the big corporate bros share the same bed together to control the world, making it harder for mom-and-pop shops to compete. I have one complaint: Samsung refrigerators suck. Mine only last for 5 years, while others last for 10+ years. Have you and your wife met Gong Yoo in person?
I wonder who owns those ten companies… I think it is unrealistic to think that the web isn’t more complex. It may at some point come down to which families own which conglomerates. Succession was more fact than fiction I think.
When WW2 ended, all the propagandists went to work in advertising. There's been a lot of development in advertising in eighty years, and they were very good eighty years ago.
Years ago, maybe in the late 80s/early 90s, I used to joke with friends that if Honda snd Chevrolet merged, it could be called Hondvolet or Chevronda. Toyota and Honda, Toyonda. Subaru and Honda would yield Subonda or Hondaru. Others I can't recall now. I notice in your graphic, upper left, Smokey Bones. Sounds like a crematorium. But, I didn't see my beloved Round Table Pizza, which is owned by FAT Brands, which bought the Global Franchise Group. But, FAT Brands owns Johnny Rockets. On their page, I didn't find Boston Market and Johnny Rockets. Round Table Pizza used to have locations in Korea. In 2013, I made friends with a Korean woman who said that when she graduated high school in the late 80s or early 90s, her parents took her to RTP. Back then, it was a luxury. In 2012, I never saw RTP there and never knew it had been there and exited. But, in Hongik, I saw a Pizza Hut, (which my fellow high school peers breaking me in at RTP in my senior year called "pizza slut", as they were our competitor, and when I left the Navy in 88, some were still referring to PH as that). I tried it, and regretted it. I'm highly biased when it comes to chain brands. I liked Pizza Inn, in Texas, but it closed up decades ago. In Korea, Yoogane is my fav. Lamentably, for me, between late 2016 and early 2017, over 5 or 8 of the Yoogane locations I rotated through had shut down. I've eaten at Yoogane over 40 times in a total of ~15 months of time in Korea. Sometimes, like a week in Ulsan, I ate ~5 times at Yoogane. I've also eaten at lesse expensive but traditional Korean restaurants more than 20 times. All the consolidation is annoying, and too much imposition irks me. I still for 20+ years miss the Round Table Pizza style of calzone. We had the option to substitute ingredients, and I ditched the ham and 1984 calzine marinara sauce (which later RTP began using to describe its pizza sauce after that, thonit was still canned tomato sauce with spice packs and water, which I deem far better than the so-called marinara sauce), and used pepperoni and pizza sauce. It proved to be costly, as it involved special diameters of dough, double baking, and use of olive oil at each baking, to reduce risk of burn. But, damn, was it my 2nd fave RTP item. RTP was so good, for me, that even on the same day my senior year high-school year lower-jaw braces were adjusted, I would eat a pizza on my break. It hurt badly, but, I suffered through it. Sometimes, I cut it into party cut (little squares) and dissolved it instead of chewing it first. Actually, that generated more pleasing flavors. That reminds me of now of Jeff Goldblum in The Fly (~1985/1986?), when he said flies don't eat you... They suck you after dissolving you.
Moe’s is sorta like a Chipotle. It started up in Atlanta. I had to laugh because I haven’t eaten at any of these places in years, if not over a decade, when I acquired a few food allergies. None of it is real food.
You will appreciate our life in Busan. I showed our food market recently th-cam.com/video/L8_1iS00Au0/w-d-xo.html We do have food chains here, but the mom and pops are very much alive and we rarely go to the chains at all. However, food chains here still do offer better food quality than the USA.
I know you are correct there. I love the local, family and chef run places here. One weird thing I forgot to mention about Moe’s (may not be true anymore) all the items on the menu board were named after characters on the television situation comedy “Seinfeld”. - Yes, Tex-Mex type food with Seinfeld characters’ names.
Economist here - in college they taught us that the terms 'free market' and 'perfect competition' are essentially the same thing, when in reality they are basically opposites. A totally free market leads to agglomoration where huge conglomorates buy up all competitors and competition basically ceases to exist. Without serious government intervention through anti-competition/anti-trust laws etc, the market has no chance. It's counterintuitive to the point where people like Trump and Musk can promote themselves as free market when in reality they are anti-competition. As the saying goes - there's a big difference between being pro-business and pro-market.
You should have done how many companies PepsiCo & Coke-a-cola own Then of course there's Vanguard & Blackrock who own 51% of the planet including literally you & your family.
@@JamilaJibril-e8hYou comment like a cut price BOT. Rather than say it's a lie tell us what the truth is. No. No, you have no clue you just want to be part of the Trump-Musk shit show and hope you'll get noticed. How pathetic.
I have a Nissan and I love it. Got it cheap, only replaced brakes once and radiator once. 215k plus runs well Not real comfortable ride but it’s a good basic car
America, at least, has been like this for decades. And sometimes there is overlap. Burger King and Popeyes can have the same holding but different marketing departments. George Carlin has a good standup about having 2 political parties, 3 cars, but 15 choices for bagel flavors - its the illusion of choice. "They" (oligarch and people who want to maintain it) have gotten ALOT more plain and open the past few years, from what ive seen. Lobbies are and have been our biggest issue. Even if there are numerous competing companies their interests overlap somewhere and they know this. so its in their best interest to group together political donations to push their agenda. Mining lobbiest, beef lobiest, hotel lobiest, oil and natural gas, but no "people's" lobbies.
Merchandise department stores, and grocery stores are closing because they can’t afford to sell their products. How are they gonna afford to buy vehicles?
Thanks Chris. Which I say every time you hit the mark 🎯 usually followed by a big sigh. Then I think for awhile!! And wait for the next postcard from Korea on my ancient Samsung Galaxy phone 🌐
If only there was some sort of laws about monopolies. Or regulated speculative markets. Oh… wait… We are basically repeating history, right into the depression.
They need to merge because they will not survive the competition from Chinese BEVs - Honda does not have BEV and is lagging, Nissan will not survive for more than 12 months but they have some BEV experience (Nissan Leaf).
Why are folks.... And you know who you are..... Why are they so dazzled when a billionaire "takes no pay"? "Oh he MUST be working for the people, he doesn't even want his salary!" UGH.....
Hey 👋 I love Korea. The downside one company that owned everything, they can’t handle everything. At least 3 companies so that they can compare their products to make it better. Just my opinion.
Elon comes from a very creepy family, the rabbit hole goes deep with him. He's called the 'chosen one'. Deep dark stuff surrounds him. Scour the internet and you'll find some fascinating things on him.
🏠 Start Investing! www.chrisnorlund.com/invest
Ahoy, Matey... Please Im 71 and ITs Complicated...What should I and my 2 Children invest in... Thank U for any suggestions 😘
Make a discord
“Power corrupts, and absolute power corrupts absolutely.”
How very true.
Zionism is your problem not power. It's who has the power. But go ahead
facts.
…..”Tech-a Nina’s ‘bout to blow!!” 😅
So if a common saying is: "Knowledge is power," and 'power' is replaced by 'knowledge' in your statement (given these are proclaimed to be interchangeable, hence the equals 'is'/linking verb), would it then be: "Knowledge corrupts, and absolute knowledge corrupts absolutely?"
Bear in mind that the Roman Emperor Marcus Aurelius was asked to govern the Roman Empire and at first didn't want to, yet did so in the end and lived soberly and in service to Rome, even though he could have it all, staying true to the Stoic principles he already had before. Similarly, Plato argued about Philosopher-Kings - as opposed to moneyed interests - who should steer the civilization and refrain from conducting commerce. Finally, the Brahmans of the upper echelon of the Hindu caste system also didn't strive for absolute power despite their privileged positions, rather for 'knowledge, understanding & wisdom,' as far as I know... They were also quite dependent on some of the lower castes, resulting in a power balance.
Bottom-line, matters aren't always as clear-cut as a one-liner that sounds smart!
Mergers and acquisitions should be illegal. That's how you create monopolies and no new competition.
It's all about control. If you don't toe the line they can cut you off from buying food, getting transportation, etc.
( Competition is not neccesity of a free market, certain tech or knowledge is copyright it can just be used by anyone, in fact as you can see they just buy out brands and they end up being the same conspirators anyway, the same issue is the problem, competition is an illusion so they can buy up companies any way. )
Isn’t that what anti-trust laws are about
The banking system creates the monetary credit slush funds that make corporate monopolies and oligarchies possible.
They shouldn't be illegal because its much more efficient for both companies than the alternative of both competing until one goes bankrupt.
Privatize profits and socialize losses.
The idea that capitalists "love competition" is a fucking MYTH.
It’s the Walmart model, put every else out of business by underselling but are able to make little or no profit but sustain it , then you put the mom and pops out of business, then you only compete with 2 or 3 other monopolies, then collude and control prices
lol no one likes competition.
Every field, every occupation, every corporation, every government wants less supply of competition and greater demand so they can bargain more.
That’s Emperor Musk to you🎉
God Emperor to be exact! haha.
Emperor Musk and Dictator Donnie. Musk will buy out the support of the dictators, for cheap.
DEPORT MUSK NOW... SEND HIM BACK 2 S AFRICA, SO HE CAN WORK IN HIS FATHERS BLOOD DIAMOND 💎💎💎 BUSINESS....GET RID OF MUSK..
Soon to be Dr. Evil
Yes probably because Elon musk have a lot of good ideas. Ideas . But once the Golden age really cranks up all the old thoughts or the things we used to think will pass away, like it's an afterthought. Yes I know it's going to be bumpy but not everything's going to be alright. But you're going to look back through the years, and said oh my goodness things are definitely a lot better off now. U will want this economy forever
Chris, you are always up to date with the latest news! I really appreciate how in tune you are with the trends and how consistently you share your perspectives. Thank you for that!❤
I appreciate that!
I always look forward to seeing a new video.
Consilidations, less regulations - AND - forced births to increase slave labor - what could go wrong 😢😢😢
Well nothing if your a robber barron.
@@Garywhitetrumphobgobbler Musk's children ... those poor children.
None of the crap they sell is food.
'Edible food-like product.'
@_DeadEnd_ 😁
But are you committed to a positive value?
because real food is more expensive for them to make and isn't as addictive to keep you returning for their crap.
“Year after year RECORD revenue!!! So…. The CEO gets a raise and we are going to be laying off THOUSANDS of the hard working people that made ALL of this possible.” - Every CEO and major company ever
CEOs will be rolling in it next year, even more than normal - then 2 years later there will be a mega crash as their customers will be skint.
I dont mind seeing more CEOs in the news. Luigi is a hero. I prefer CEOs, board of directors, politicians, wall street guys - than kids/schools.
Consolidation is the word of the day. Mom and pop businesses are the walking dead
The merger concept never should have been allowed to exist. They slowly turned everything into a monopoly that way.
Karl Marx warned about this in the 19th century.
💯 the woke mind virus has still to wake up a lot of people 😅 stay positive and keep fighting the good fight 🙏🍀💚😎🖖
Adam Smith also warned about wretched monopolies.
@@DoorsOfPerceptionPDM legit the woke bs has ruined alot of entertainment these days and is probably one of the many reasons alongside allowing men in women restrooms that pissed people off.
Even Marx isn't into the woke ideology. You are out of touch.
Karl Marx???...Yeah, the solution is communism...
No wonder prices are soo high!! Monopolies own everything!
Right now they look more like oligopolies. Bill Gates was the monopoly freak ever since he was a student. He wouldn't quit a game until he won, so said his classmates who got fed up with him.
I understood the concept of "bridled capitalism" when I studied political science. I do think hard work and risk taking deserves reward. Good government provides the bridled. The narrative that regulations and restrictions do harm is an oligarchs perspective.
Make everyone have an equal right in this world and live as brothers !
Americans as a People need to smarten up and start supporting their local small businesses and mom n pop shops and stop going to these big name corporate chains. Heck!, not just Americans, EVERYONE!
Private equity will ruin our economy, no accountability whatsoever
Imagine what would happen to rent prices if one profit motivated landlord owned all the rental property in your country 🤔 this is what we call a monopoly not free-market capitalism.
I talk about Hyundai since I heard, they will build the K3 tank, and what type of engine it will have. Plug-in hybrid with hydrogen. Super silent, huge range.
Imo something like that in small for cars will change the car market. Hydrogen supply is no problem, it's easy to produce, and it seems superior to full electric and fossil fuel cars. You don't need the battery, while having a clean car with all advantages of an electric engine.
Hyundai does it for a tank, and I hope they also will do it for a car
Consumers have a responsibility to know this stuff and be a lot more discerning about what we buy and who we're buying from. We have literally done this to ourselves by not paying attention and frankly, being out of control consumers. It's not an "I need" economy, it's an "I want" economy. We play right into their hands, every day with our choices. Do we need as much fast food as we eat? Do we need the newest upgrade of a cell phone when the one we have still works perfectly well? Do we need a new car every 2 - 3 years? Do we need three or four streaming services at the same time? NO. We are swayed by terrible ads that encourage a 'keeping up with the Jones' (or in America's case, the Kardashians) mentality and it's making us poor, in debt, unhealthy and unhappy! All you have to do is look at the number of obese children, the personal bankruptcies and the mental health problems in society and you know we've lost the plot.
🎯🎯👍
"Ruinous competition" as Rockefeller said. In short, competition hurts profits because it helps the consumer. No business, let alone parasitical corporation, should ever be allowed to approach anything close to "to big to fail"
Greed is the snake that continues to consume until it consumes it's own tail.
The best thing that can happen in this merger is that Honda has majority say & fires all of Nissan & Mitsubishi’s engineers as well as their business/marketing teams, & replaces them with their own people. Only then will, competency & quality be restored in these brands. I’d cheer on maybe a Honda-Toyota merger but this sounds like a nightmare. But definitely fire the latter’s engineers & product design teams for sure.
Why is there no mechanism in the US to protect the constitution?
We live in a world where voters choose this.
@@realchris I mean when you are only given two actual options to pick, of course you get screwed
there technically is.. it's called the Supreme court. But when the Supreme court doesn't want to? Welp.
@@realchris Here in Germany due to our dark past we have some rules in place that a new government could not that easy invalidate the constitution, it might not withstand constant attacks for many, many years, but the most basic rules are not that easy to break. In the US it seams that there was no actual constitution in place, just kind of common agreement. WIth this the US is now really in a bad place and I start to understand why there is nobody resisting the Trumpists anymore. The country now agreed to ingnore the constitution.
@@D.I.S.C.O.R.D.A.IIf you choose wrong or vote the couch you’re in for a ride. We have new administration of billionaires of the billionaires for the billionaires the way the founders intended.
I was in a restaurant Saturday and had to hear 3 MAGAs spouting how great it is to have Musk putting his foot down and fixing the US government. 🤦🏽♀️
The new age of monopolies? I read about this in history class in middle school. They called them the "robber barons" and they were eventually broken up by Theodore Roosevelt after they nearly destroyed the economy, political system, and society.
I had a thought 😁 how do you like this idea…
When Putin took power he put the richest oligarch Khodorkovsky in jail and took his money. Obviously I’m not hoping US becomes Russia, but imagine Trump pulling the same trick in Elon 😂 I’m sorry, it just amused me as a thought.
Thanks for your amazing work Chris 🙏❤️
Exactly. When Comrade Neurosyphilis was (s) elected, I thought people aren't so smart. Don't they realize that with most oligarchic governments, the oligarch, such as Putin, and Mohammed Bin Salman grab other wealthy people's wealth? What's to stop Comrade from doing the same?
I don't think Comrade is afraid of Musk, but the only thing holding Comrade back from grabbing Musk's wealth is Comrade's own stupidity...
Imho, that’s why Bezos and Zuckerberg are handing him so much cash. They are trying to buy their way out of jail
Don’t forget, many of the people he is seeking “ revenge “ against are wealthy too like the Cheney’s
Thank you - interesting to be aware of your prediction - I'm afraid you are absolutely correct. There isn't a "Lani Khan", who was working at the Federal Trade Commission, anymore; and who was working at breaking up those monopolies... 😢😢
jollibee, pronounced "jolly-bee", is a Philippine's company (last I heard) and generally likened to the 7/11 of the Philippines. They recently started doing fried chicken here and it is the absolute best...even better than Popeyes and more affordable too. I highly recommend it.
Working at Nissan, i couldn't be happier about this! Honda and Nissan!!? Letsgoooo
Mergers generally hurt the consumer and workers. Adam Smith warned about the invisible hand moving companies to consolidated to avoid competition. He called monopolies wretched. An economy where employers compete for workers and consumers benefits more people. If our new oligarchy-kakistocracy allows Kroger and Albertson's to merge, grocery prices will increase.
I’ve owned Honda cars for many years. My current car is a Clarity, a plug in hybrid that combines the best of electric and gas operation. Like most Americans, 90% of my driving is local. I plug in the car every night and the next day’s trips are all electric. This turns out to be convenient (no time wasted stopping for gas), inexpensive (since I have home solar, the marginal caused by charging the car is close to zero), and clean (no tail pipe emissions). On occasional road trips it operates as a standard hybrid without the range anxiety that is still a problem for EVs. Sounds like a winner, right? Well, after five years Honda stopped making the car, apparently because the Clarity wasn’t profitable enough. Consolidation might have allowed Honda to continue manufacturing specialty cars like the Clarity with small production runs. Or it might cut the other way with less room for innovative designs.
Yeah, monopolies are so dynamically fitting in the search for the greater common good! Thank you, Professor!
Make muskrat register as a foreign agent...
🎯🎯🎯🎯👍
Yeah! He bows to China, just like Olaf Scholz! 😡
What we need is a total shift away from the capitalist system toward cooperatives like Huawei!
"..they convince you.."
Uh, no. They don't convince me.
Having only one network/product serve the whole market is more efficient. But the benefits of that efficiency rarely get passed along. Instead, we get CEOs jacking up prices to put millions/billions of dollars in their pockets now that people don't have viable alternatives.
It's more efficient, but you won't get innovation. It will be like the Trabant, the car in eastern Germany. It barely changed and improved over the years, and didn't survive the reunion
@@leonnunhofer3453 Having a single manufacturer doesn't prevent a monopoly from still investing R&D into improving products until practical perfection is achieved. Stagnation is a choice, not baked-in. A monopoly on durable goods still needs to offer meaningfully improved products to generate steady repeat sales.
TSMC has an effective monopoly on high-end chips with even Intel and Samsung who have their own fabs using TSMC for most of their high-end stuff because their own in-house processes aren't keeping up. That isn't stopping TSMC from investing billions each year into advancing its manufacturing operations. Same goes for practically everyone in the upstream semiconductor manufacturing supply chain: they each have a practical monopoly on their part of the global process because global demand for most of these components and highly refined consumables is too small to effectively support two competing manufacturers.
Really deep down people want to be controlled with an iron fist and not be bothered with a huge amount of choices.
🤡
Toyota is great but that quality comes at a cost that is leaving the average buyer behind
💯 same with VW but now they struggle and wanna ban competition in Europe so no one can buy cheaper Chinese cars. They lost the game but still want to cheat 😂
If it's not family owned and listed on the stock exchange, then it probably belongs to a conglomerate of some description. They use their size to undercut prices of "competetitors" driving them out of business and absorbing their assets. The purpose is to dominate a sector to the extent that competition is minimal and they can then set whatever pricing they like. Capitalists hate competition - despite the propaganda to the contrary.
Jollibee is also available in Europe. Italy, UK and Spain
I remember when Hyundai first came to America. They were just little boxes on wheels. But now, they are pretty sophisticated. I have a 2013 Veloster I bought used and it makes for a great commuter car. As for monopolies. I remember the days AT&T when long distance calls were outrageous. Now we talk for hours long distance without a care for the cost.
Korea has developed up super fast! As I've mentioned if you see movies like 1987 the day will come or 12 12 the day, you will be amazed compared to what it is today. The companies and quality of goods reflect it also :)
"Now you do what they tell you..." Rage Against the Machine
The umbrella's looks much worse when you look at cosmetics and pharmaceuticals. And gets even more of a monopoly when looking at grocery/supermarket stores and telcos.
Ssshhhhhh....... brains can only go brrrrr over one thing at a time.
But yes, it's going to break some brains.
Yes, Jollibee is a Filipino company, at least originally. You have to try it at least once.
Do they have them in Europe?
I think it was Hyundai and Kia that reawakened the car manufacturers' creative design style. The cars were soooo boring in their exterior design till Hyundai made their cars sexier with curves and details on the doors. They innovated the look with their overhead windows and sleek lines, AND they did it at an affordable price point! I'm very thankful to those Korean companies for their innovation and their business contributions.
I think this will be a big hit th-cam.com/video/o-SPi0oBZj0/w-d-xo.html
Hey………I’m a “world citizen”!!! 😅
Thanks for including me!! 😁👍 merry Christmas and/or happy holidays, friends
Happy holidays!
that is because honda and nissian are having trouble and so is mitisubishi. also i think this a direct method of challenging the korean car industry.
You mean Chinese EV
Broliarchy is the new term now, where all the big corporate bros share the same bed together to control the world, making it harder for mom-and-pop shops to compete. I have one complaint: Samsung refrigerators suck. Mine only last for 5 years, while others last for 10+ years. Have you and your wife met Gong Yoo in person?
I wonder who owns those ten companies… I think it is unrealistic to think that the web isn’t more complex. It may at some point come down to which families own which conglomerates. Succession was more fact than fiction I think.
pretty much sums up the chaebols in south korea.
Succession was loosely based on the Murdoch empire.
I used to live in Busan about 8 years ago teaching ESL at Lotte Mall.
You'll appreciate our life in Busan videos th-cam.com/video/sC1SerYe6zQ/w-d-xo.html
This is why all Fast food has turned 100% trash
Question: If we are losing jobs to mergers and robotics, why is the world so pressed about the low birth rate?
not enough tax payers 2 fund govts
Prices for various products and services go up when industries consolidate......competition is good for balancing prices, innovation
Thank you for doing these videos. It’s so great to hear insight into the world.
When WW2 ended, all the propagandists went to work in advertising. There's been a lot of development in advertising in eighty years, and they were very good eighty years ago.
It will all be consolidated to
one political party.
Years ago, maybe in the late 80s/early 90s, I used to joke with friends that if Honda snd Chevrolet merged, it could be called Hondvolet or Chevronda. Toyota and Honda, Toyonda. Subaru and Honda would yield Subonda or Hondaru. Others I can't recall now.
I notice in your graphic, upper left, Smokey Bones. Sounds like a crematorium.
But, I didn't see my beloved Round Table Pizza, which is owned by FAT Brands, which bought the Global Franchise Group.
But, FAT Brands owns Johnny Rockets. On their page, I didn't find Boston Market and Johnny Rockets.
Round Table Pizza used to have locations in Korea. In 2013, I made friends with a Korean woman who said that when she graduated high school in the late 80s or early 90s, her parents took her to RTP. Back then, it was a luxury.
In 2012, I never saw RTP there and never knew it had been there and exited. But, in Hongik, I saw a Pizza Hut, (which my fellow high school peers breaking me in at RTP in my senior year called "pizza slut", as they were our competitor, and when I left the Navy in 88, some were still referring to PH as that). I tried it, and regretted it. I'm highly biased when it comes to chain brands. I liked Pizza Inn, in Texas, but it closed up decades ago.
In Korea, Yoogane is my fav. Lamentably, for me, between late 2016 and early 2017, over 5 or 8 of the Yoogane locations I rotated through had shut down. I've eaten at Yoogane over 40 times in a total of ~15 months of time in Korea. Sometimes, like a week in Ulsan, I ate ~5 times at Yoogane. I've also eaten at lesse expensive but traditional Korean restaurants more than 20 times.
All the consolidation is annoying, and too much imposition irks me. I still for 20+ years miss the Round Table Pizza style of calzone. We had the option to substitute ingredients, and I ditched the ham and 1984 calzine marinara sauce (which later RTP began using to describe its pizza sauce after that, thonit was still canned tomato sauce with spice packs and water, which I deem far better than the so-called marinara sauce), and used pepperoni and pizza sauce. It proved to be costly, as it involved special diameters of dough, double baking, and use of olive oil at each baking, to reduce risk of burn. But, damn, was it my 2nd fave RTP item.
RTP was so good, for me, that even on the same day my senior year high-school year lower-jaw braces were adjusted, I would eat a pizza on my break. It hurt badly, but, I suffered through it. Sometimes, I cut it into party cut (little squares) and dissolved it instead of chewing it first. Actually, that generated more pleasing flavors.
That reminds me of now of Jeff Goldblum in The Fly (~1985/1986?), when he said flies don't eat you... They suck you after dissolving you.
I don't eat at any of those places, and I haven't in years. Dining out is too expensive, and my food from home is better.
Moe’s is sorta like a Chipotle. It started up in Atlanta. I had to laugh because I haven’t eaten at any of these places in years, if not over a decade, when I acquired a few food allergies. None of it is real food.
You will appreciate our life in Busan. I showed our food market recently th-cam.com/video/L8_1iS00Au0/w-d-xo.html We do have food chains here, but the mom and pops are very much alive and we rarely go to the chains at all. However, food chains here still do offer better food quality than the USA.
I know you are correct there. I love the local, family and chef run places here. One weird thing I forgot to mention about Moe’s (may not be true anymore) all the items on the menu board were named after characters on the television situation comedy “Seinfeld”. - Yes, Tex-Mex type food with Seinfeld characters’ names.
I don't eat that stuff, either.
This is a comment for the Algo boost!
Competition is bad = Monopolies are good? Ok, you say so...🤷♂
in the name of efficiency
So you mean..the parent company of Los Pollos Hermanos is the German shipping conglomerate, Madrigal Electromotive GmbH.
This channel is so good and he presents information very well. Thank you.
Economist here - in college they taught us that the terms 'free market' and 'perfect competition' are essentially the same thing, when in reality they are basically opposites. A totally free market leads to agglomoration where huge conglomorates buy up all competitors and competition basically ceases to exist. Without serious government intervention through anti-competition/anti-trust laws etc, the market has no chance. It's counterintuitive to the point where people like Trump and Musk can promote themselves as free market when in reality they are anti-competition. As the saying goes - there's a big difference between being pro-business and pro-market.
Appreciate the input! I'll mention this in next video and look forward to hearing more of your thoughts.
Eloon and Traitor Don are both Monopoly Guys !
You should have done how many companies PepsiCo & Coke-a-cola own
Then of course there's Vanguard & Blackrock who own 51% of the planet including literally you & your family.
@@JamilaJibril-e8hno. They are everywhere. They even own parts of Rheinmetall 🤷♂️
@@JamilaJibril-e8hYou comment like a cut price BOT. Rather than say it's a lie tell us what the truth is. No. No, you have no clue you just want to be part of the Trump-Musk shit show and hope you'll get noticed. How pathetic.
I've bought them brand-new from the dealership and have been mispronouncing Honda for decades
The biggest issue is that we can still service our vehicles and access parts. A merger keeps that possible.
I’m glad you said that. I was having a panic attack about getting parts for my 2002 Sentra
Goldstar, what happened to Goldstar, got my grandma a Goldstar TV circa 1999. I think its called LG now, but not sure
Lucky Goldstar. LG
Made a good basic flip phone
I'm a technician that works on a wide variety of vehicles.
Hondas are well engineered vehicles. Nissans are crap. What is Honda doing?
to integrate honda engineering into nissan !
I so agree. That's a shame that Honda is debasing itself... 😢😢
I have a Nissan and I love it.
Got it cheap, only replaced brakes once and radiator once.
215k plus runs well Not real comfortable ride but it’s a good basic car
Going down the bankruptcy path, let’s see, Studebaker, AMC, Nash, Rambler, Packard, etc,etc
If you think Nissans are crap, wait until you touch a German vehicle
McDonalds amd Krispy Kreme are coming together as well.
CHEERS from AUSTRALIA
America, at least, has been like this for decades. And sometimes there is overlap. Burger King and Popeyes can have the same holding but different marketing departments. George Carlin has a good standup about having 2 political parties, 3 cars, but 15 choices for bagel flavors - its the illusion of choice.
"They" (oligarch and people who want to maintain it) have gotten ALOT more plain and open the past few years, from what ive seen.
Lobbies are and have been our biggest issue. Even if there are numerous competing companies their interests overlap somewhere and they know this. so its in their best interest to group together political donations to push their agenda. Mining lobbiest, beef lobiest, hotel lobiest, oil and natural gas, but no "people's" lobbies.
Always interesting Chris.
Nokia still around, they got big in Telecom providing ISP routers.
Nokia is from Finland. But it sounds chinese
I have worked in Nokia, I live in Nokia, I have no Kia.
Merchandise department stores, and grocery stores are closing because they can’t afford to sell their products. How are they gonna afford to buy vehicles?
Thanks Chris. Which I say every time you hit the mark 🎯 usually followed by a big sigh. Then I think for awhile!! And wait for the next postcard from Korea on my ancient Samsung Galaxy phone 🌐
More steps toward the World Corporate Government: welcome to the underclass prole.
The Time of Lord Akira's Awakening Draws near!
Most Nissans are not dependable
Rise of private prisons.
Heavens to Merge-atroyd!
If only there was some sort of laws about monopolies. Or regulated speculative markets.
Oh… wait…
We are basically repeating history, right into the depression.
Yes but who will become “Weyland-Yutani”?
They need to merge because they will not survive the competition from Chinese BEVs - Honda does not have BEV and is lagging, Nissan will not survive for more than 12 months but they have some BEV experience (Nissan Leaf).
It's kind of like the game cyberpunk but they already knew it was gonna happen
What about Weyland-Yutani ?
Why are folks.... And you know who you are.....
Why are they so dazzled when a billionaire "takes no pay"?
"Oh he MUST be working for the people, he doesn't even want his salary!"
UGH.....
Hey 👋 I love Korea.
The downside one company that owned everything, they can’t handle everything. At least 3 companies so that they can compare their products to make it better. Just my opinion.
Elon comes from a very creepy family, the rabbit hole goes deep with him.
He's called the 'chosen one'.
Deep dark stuff surrounds him.
Scour the internet and you'll find some fascinating things on him.
no panda express. thats my favorite. owned by a Chinese couple.
Is it Free Market if many, busuness merge into a giant monopoly. No. Any ideas what to do to reverse this?
Another thing is that Trump’s ancestor has some of Nikola’s writings and blueprints, we’ll see how things turn out in future years.
Honda vs Hyundai get it on lol
I BOUGHT SUE