Small Business
corporations squash upstart competitiors (or buy them out)
see entrepreneur
neglected, see local economy
SEE WALMART PEPSI PRICE GOUG
AMAZON MONOPOLY? RENT SEEK?
so maybe we could leverage? USCOC claims to rep them but does not.
green startups could be vulnerable to competiton, and might need subsidy or other gov't breaks;
however might side with corps on ACA, regs, class action, ~ min wage?
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AN 12 25
On Friday, a nonprofit forced the Trump administration to unseal a damning complaint lodged by the Biden-era Federal Trade Commission against Pepsi for colluding with Walmart to raise food prices across the nation. New un-redacted information claims FTC Chair Ferguson and his colleague Mark Meador (both Trump appointees) were hiding the mechanics of Pepsi’s and Wal-Mart’s price fixing.
Pepsi is a “must-have” product for grocery stores, and Walmart is also massively powerful,” reports BIG Newsletter writer Matt Stoller. Critics say Pepsi allegedly engages in price discrimination to maintain the approval of Walmart, its biggest buyer — even going so far as to police prices at smaller rival stores. And it prepares reports for Walmart showing them their pricing advantages on Pepsi products.
When the “price gap” between Wal-Mart and its tiny rivals narrow too much, Pepsi tracks where consumers were buying Pepsi products outside of Walmart. It keeps logs on stores who would “self-fund” Pepsi product discounts, nicknaming them “offenders” and then raise their stock price, forcing them to carry those costs down to their customers.
“This dynamic is why independent grocery stores are dying,” said Stoller. “… It’s led to less competition, fewer local grocery stores, and higher prices. … To the end consumer, it creates an optimal illusion. Walmart appears to be a low-cost retailer, but that’s because it induces its suppliers to push prices up at rivals.”
Much of this information was redacted by Trump officials, however, including Ferguson and Meador. Normally, when the government files an antitrust case, the complaint gets redacted to protect confidential business information. Then the corporate defendant and the government haggle over what is genuinely confidential business information and complaints are eventually unsealed with some minor blacked out phrases, and the case goes on.
“In this case, however, … Ferguson abruptly dropped the case in February after Pepsi hired well-connected lobbyists,” said Stoller. “… Ferguson ended it the day before the government was supposed to go before the judge to manage the unsealing process. And that kept the complaint redacted. With the complaint kept secret, Ferguson, and … Meador, then publicly went on the attack.”
Ferguson released a “bitter and personal” statement against Biden-era FTC Chair Lina Khan — who had brought the complaint against Pepsi — implying that she was lawless and partisan, that there was “no evidence” to support key contentions, and that Ferguson had to “clean up the Biden-Harris FTC’s mess.” Fellow commissioner Mark Meador later echoed his comments on on X.
“And that was where it was supposed to stay, secret, with mean-spirited name-calling and invective camouflaging the real secret Ferguson was trying to conceal,” said Stoller. “That secret is something we all know, but this complaint helped prove that the center of the affordability crisis in food is market power. If that got out, then Ferguson would have to litigate this case or risk deep embarrassment. So, the strategy was to handwave about that mean Lina Khan to lobbyists, while keeping the evidence secret.”
But anti-monopoly group The Institute for Local Self-Reliance filed to make the full complaint public, and Judge Jesse Matthew Furman agreed to hear ILSR’s case, with the U.S. Chamber of Commerce and Pepsi bitterly opposed.
“Last week, Furman directed the FTC unseal the complaint. So we finally got to see what Ferguson and Meador were trying to hide,” Stoller said.
Read the full BIG report at this link
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AN 12 25
'Steep small business job cuts': New jobs data exposes weakness in Trump economy
Revealed: Wealthy ranchers profit from public lands while taxpayers pick up the tab
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an 4 25 LIB JUST CTR LIBTARD
'Unconstitutional usurpation of power': Small businesses sue Trump over 'devastating' tariffs
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11 7 24 thom
Donald Trump is preparing to crash the American economy. He intends to do it by tearing up vital parts of our American government. He may even hire Elon Musk to pull it off. And from his point of view, this is not going to be a bad thing. The farther the economy crashes, the greater the buying opportunity for billionaires. It all has to do with something called the administrative state.
While it’s not sexy or even particularly interesting to the average American voter, having a strong administrative state is essential to a high-functioning economy. A strong administrative state is the only thing that protects entrepreneurs and small businesses from being squashed like bugs by monopolistic behemoths, and small businesses are our nation’s main growth engine. }:
:{ :{For example, over 70 percent of all new jobs created since 2019 were created by small businesses, producing almost 13 million new jobs over the past 25 years. Small business creation is up 50 percent over Trump’s years because the Biden administration has been enforcing the rule of law, including taking on the giant tech monopolies. Small businesses now account for over 43 percent of all American economic activity.}:
A strong administrative state is also the only thing that can protect the environment from those who’d destroy it for their own profits. It’s the only thing that can protect consumers from defective or even deadly products and food or drug contamination. It our only defense against predatory banks, airlines, and insurance companies, among others. A strong administrative state that follows and enforces the rule of law — as opposed to the kind of grift-driven kleptocracies typical of strongman governments — is essential, in other words, to a functioning national economy.}:
Here in America, we see this best in the contrast between lightly bureaucratic and largely unregulated Red states and more bureaucratic and regulated (and taxed) Blue states and counties. While Red and Blue states are represented in Congress about 50/50, as the Brookings Institution found a few years ago: > “Biden’s winning base in 509 counties encompasses fully 71% of America’s economic activity, while Trump’s losing base of 2,547 counties represents just 29% of the economy.”
But now the administrative state is in the crosshairs of the incoming Trump administration, and their planned assault on it will almost certainly cause a loss of economic vitality, probably even leading to a major recession (every*Republican president since Nixon has had a major recession after tinkering with tax and regulatory policies;none*of the Democratic presidents have created one since Carter, and his started under Nixon). We also see this at the level of the nation-state. As Professor Timothy Snydernotes: > “Now consider the Russian and Hungarian economies. Russia sits on hugely valuable natural resources, and yet is a poor country. The profits from its oil and gas are in the hands of a few oligarchs. > >
“Hungary sits in the middle of the European Union, the most successful trade project of all time. And yet Hungarians are poorer than their neighbors, in part because the Orbán regime corruptly channels EU resources to friendly oligarchs. > > “The lesson is clear. Democracy is a method of checking corrupt rulers. When there is no functioning democracy, corruption is unchecked. And democracy is an element of a more fundamental guarantor of prosperity, the rule of law. In Hungary and Russia, the rule of law has been bent and broken, to the benefit of the few, and to the detriment of the many. Ending the rule of law is the Trump-Vance platform.”
Gutting the administrative state is the first and imperative aspect of ending or weakening the rule of law. Because, as Steve Bannon famously told America, the main goal of the Trump administration is “the ‘deconstruction’ of the administrative state.” He added: > “Every business leader we’ve had in is saying not just taxes, but it is also the regulation. I think the consistent …[thing] is the deconstruction. The way the progressive left runs is, if they can’t get it passed, they’re just going to put in some sort of regulation in an agency. That’s all going to be deconstructed and I think that that’s why this regulatory thing is so important.”
We saw this movie before, during the last Trump administration. He put a coal lobbyist in charge of EPA, an oil lobbyist at Interior, a Telcom lobbyist and lawyer at FCC, a professional union-busting lawyer in charge of the Labor Department, an advocate for replacing public schools with religious ones in charge of the Education Department, etc., etc. But that was more mere corruption than a wholesale destruction of administrative agencies. Since the Chevron deference decision by the Supreme Court this past year, though, it’s now possible that Trump could actually destroy the American administrative state.
Even whenChevronwas still intact eight years ago, the result of Trump’s corruption in his previous administration, just like with Reagan’s and Bush’s deregulatory campaigns, was a massive recession that started*before*Covidcame along. Trump will fire Lena Kahn at the Federal Trade Commission, blowing up the antitrust efforts of the Biden administration; the fat cat billionaires already are eagerly anticipating running amok (which is why they threw billions at Trump’s campaign). The result, predictably, will be another Republican economic disaster for America’s working class.
Interestingly, our country’s most famous investor also seems to be thinking along these same lines. Warren Buffett has recently sold over $325 billion in stock and is simply sitting on that huge pile of cash. Why? Probably the Oracle of Omaha can see the same thing I’m pointing out here: Trump is preparing to turn the economy over to Musk and his billionaire buddies and the result will be a disaster.
A disaster, by the way, that will be very useful to Buffett and other billionaires; recessions and depressions are when America’s largest fortunes are typically made or expanded because they represent great buying opportunities to those with cash, while at the same time the small companies being squeezed are willing to sell for a song.
:{:{ So get ready; we’re in for a bumpy few years as America descends into a strongman-run oligarchy while the Supreme Court and Trump’s toadies rip apart the protections of the administrative state we’ve so carefully constructed in the years since the Civil War and the Republican Great Depression. It may well be a disaster for your 401(k), and millions will lose their jobs in a recession. If Musk cuts $2 trillion from the federal budget, as promised, it will almost certainly impact Social Security and take a huge bite out of programs for veterans, children, and the disabled. It would probably also have to end all subsidies under the Affordable Care Act, and end hundreds of billions in federal aid to infrastructure construction programs. Get ready now, to the extent that you can. Forewarned is forearmed. }:
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an 8 23 $
no lnx
For the next time some idiot tries to tell you the GOP is 'The Party of Business'
Nikki Haley is ‘whitewashing’ her record on Putin while hypocritically attacking Democrats: conservative
Thom Hartmann
August 30, 2023
As predictably as the sun rises and sets, every Sunday sees a commentator or politician on one of the Sunday political talk shows say — without being challenged — words to the effect that the Republican Party understands and supports business better than Democrats. This weekend, as I recall, it was CNN‘s turn.
All my life, in fact, I’ve been told by the media that the GOP is the “party of business.”
It may have once been true when I was a very young child, but today it’s a lie — and has been so in a huge way since the neoliberal Reagan Revolution.
Between 1933 and 2020 there were 14 American presidents, 7 Democratic and 7 Republican.
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The economy during this time grew at an average rate of 4.6% under the Democratic presidents, but only an anemic 2.4% under Republican presidents. For example, the economy has grown three times faster under Biden than under Trump.
Ten of the past 11 recessions began under Republican presidents,although lifelong Republican and Trump Fed appointee Jerome Powell seems hell-bent on producing one for Joe Biden, just in time for the 2024 election.
Republican presidents have exploded the national debt,while the only balanced budgets out of the past 60 years have been presented by Democratic presidents Carter, Clinton, and Obama.
Bill Clinton left George W. Bush a $128 billion surplus (after 4 consecutive years of budget surpluses): Bush immediately squandered it with a massive tax cut for billionaires and two criminal wars.
Just last year, President Biden decreased federal spending by $550 billion and reduced the deficit by $1.4 trillion — the largest one-year deficit drop in American history — all while creating five times more jobs in 2 years than the last three Republican presidents combined.
If not for the Reagan, Bush, and Trump tax cuts for billionaires and the two wars George W. Bush lied us into, our national debt would today be zero instead of over $30 trillion.
The core of American business and thus the livelihood of American communities before Reagan was small- and medium-sized companies.
We enforced anti-trust lawsso aggressively that when Buster Brown and Kinney shoe companies wanted to merge in the 1960s the Supreme Court blocked the merger because the combined company would control about 5 percent of the US shoe market.Nike alone today controls around 20 percent of that market.
Small- and medium-sized companies built America and brought us the American middle class, the first and largest middle class in the world. But in 1983, when Reagan ordered the DOJ, FTC, and SEC to stop enforcing anti-trust laws dating back to the Sherman Act of 1890, giant corporations began a relentless campaign to destroy locally-owned companies.
Strip malls and small-town downtowns that were once mostly home to local retailers are now dominated by giant monopolistic national chains. Big Box stores, spreading across the country unconstrained since Reagan, have been wiping out small towns and rural communities.
One study found, as Reuters reported:
“[T]he closer a store was to the Walmartlocation, the greater the likelihood it would close. Persky and his colleagues found that for every mile closer to the Walmart, 6 percent more stores closed. Close in around the store's location, between 35 and 60 percent of stores closed.”
For most American businesses and the communities they serve, Republican governance has been a disaster since the Reagan 1980s.
In the 1950s, Republican President Dwight Eisenhower championed building tens of thousands of new public schools all across America, an effort supported by the business community because an educated workforce is a productive workforce.
From the early days of the Industrial Revolution, Americans were proud that we had one of the best-educated workforces in the world, and that itself was a huge boost to business.
In 2010, though, when fossil fuel billionaires bankrolled the Tea Party and were looking for an issue to beat up on Democrats in the 2010 and 2012 elections, they seized on the national standards for education program conceived and legislatively initiated by both Republicans and Democrats called “Common Core.”
Although it had been endorsed by the US Chamber of Commerce and GOP presidential front-runner Jeb Bush (among others) and was in place in 45 states, word went out that it was an effort to “indoctrinate” American students.
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The story ran day after day on Fox “News” and rightwing hate radio. Hysteria followed, and Red state after Red state outlawed these new high standards for high-school graduation. Republican grandstanding for political gain actually dumbed down America.
The 2020 version of this was Critical Race Theory, another equally bogus attack on public education. Between this, “Don’t Say Gay,” and banning thousands of books, the Republican war on public education has blossomed into full flower.
Now, Republican states are trying to shut down their public schools altogether via state-wide voucher programs, replacing Eisenhower’s AAA+ education system with state-funded religious and rightwing for-profit schools that refuse to teach actual science, civics, or American history.
Arizona was the first to go statewide with vouchers, and Republican legislators in Texas, Florida, Kansas, and a dozen other GOP-run states are considering the same.It’s quite simply an all-out effort to destroy public education and subsidize religious schools and private all-white academies for upper-middle-class people who can take advantage of a voucher that only covers part of the cost of tuition.
The only option left for the very poorest people will be the few remaining public schools, essentially turning them into ghettos.
Republican President Dwight Eisenhower ran for re-election in the 1956 election by bragging that he’d expanded Social Security across America, and his 1952 election was mostly powered by his enthusiastic endorsement of unionization.
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At a speech before the American Federation of Labor (AFL) in 1952, Eisenhower noted that the first national legalization of unions in America was signed by Republican President Calvin Coolidge, the 1926 Railway Labor Act.
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“Only a handful of unreconstructed reactionaries harbor the ugly thought of breaking unions,” he told the union group now known as the AFL-CIO, the nation’s largest. “Only a fool would try to deprive working men and women of the right to join the union of their choice.”
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Similarly, in September of 1970 President Richard Nixon hosted labor leaders from across America, praising the movement. As The New York Times noted on September 8, 1970:
“When the ‘great issue’ has been whether to support the President and to meet the nation’s responsibilities ‘for defending and protecting the forces of freedom in the world,’ he said, ‘American labor has never been found wanting. It has always been the first in war and in peace.’”
As a result of combined Democratic and Republican support of unions, by Reagan’s election in 1980 about two-thirds of all American workers had a union job or it’s equivalent,with great pay, benefits, and retirement plans, because a third of workers were union members and that set the pay and benefits floor for the non-union employers to compete for another third of workers.
But, following Nixon putting Lewis Powell on the Supreme Court in 1971, the GOP began to adopt the positions in thePowell Memo, which included gutting labor unions so the morbidly rich could become even richer.
Their rationale was that workers having a say in the workplace had “destabilized” America, a point first made in 1951 by Russell Kirkin his book The Conservative Mind that I detailed two years ago here.
President Reagan, however, declared war on organized labor with his attack on the PATCO union. Ever since, the GOP has been fighting efforts to expand unionization.
Combined with Reagan’s massive tax cuts for billionaires and giant corporations, this loss of union representation has led to a$50 trillion transfer of wealthfrom the homes and retirement accounts of working-class people straight into the money bins of the morbidly rich.
Instead of two-thirds of Americans having a middle-class lifestyle like in 1980, today that number is down to around 45 percent of us. As a result, both poverty and homelessness have exploded across the land. And poor and homeless people can’t afford to support a strong economy — and thus American business — the way a prosperous middle class can.
Dwight Eisenhower created the Small Business Administration to “aid, counsel, assist, and protect insofar as is possible the interests of small-business concerns.”
He signed a massive expansion of Social Security to take the pension/retirement onus off small- and medium-sized employers, increased the minimum wage so a prospering working class could purchase the products of American manufacturers, and built low-income housing across the nation to end the homeless “hobo” problem left over from the Republican Great Depression.
Eisenhower created from scratch the Department of Health, Education and Welfare to build a healthy and well-educated workforce, while Richard Nixon signed the Environmental Protection Agency into law to save the lives of American workers being killed by toxic pesticides and other chemicals (the agency’s creation was provoked by Rachel Carson’s book Silent Spring).
Today’s GOP opposes all of these programs and agencies. They only support the largest American companies and the richest citizens.
When Trump was president, he rolled back regulation of toxic pesticides known to cause brain damage to children, and one of his first official acts in office was to end the prohibition of coal mines dumping their toxic waste and tailings into America’s rivers, polluting downstream water supplies with cancer-causing chemicals.
Arguably, the best policy possible for American businesses of all sizes is the Medicare For All program promoted for decades by progressive Democrats.
Back in 2004, Toyota announced they’d be opening a new factory in North America. Three southern US states offered them billions in tax advantages and free land, with the Republican governor of Alabama openly bragging about how cheaply his citizens would work for the company.
But in the end, in 2005, Toyota announced they’d be building the factory in Ontario, Canada because US healthcare costs are nearly twice those of Canada, which has had a successful Medicare For All system in place for more than a half-century (as I lay out in The Hidden History of American Healthcare: Why Sickness Bankrupts You and Makes Others Insanely Rich).
Since then, as Republicans (and a few bought-off Democrats) continue to fight any effort to establish a national healthcare or health insurance system, the company has built two more North American factories in Canada.
If it wasn’t for Republican obstruction, they would’ve been built here and the jobs would be here.
The simple reality is that Republicans have no coherent plans for the American economy beyond more tax cuts for their morbidly rich donors and more deregulation of the very largest and most polluting corporations.
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To compensate for this deficiency, they push hate against queer people, public school teachers, women, and dark-skinned immigrants. DeSantis has gone so far as to attack Disney, Florida’s largest employer and source of tax revenues, because they had the temerity to respect their gay, lesbian, and trans employees and customers.
Republicans have banned hundreds of books from public schools and libraries, saturated our towns and cities with weapons of war, banned women’s access to reproductive healthcare, and packed our courts with judges who’d be comfortable with the American Nazi movement, the Federalist Society, and the John Birch Society.
Not only are these policies and positions bad for America, they’re also destructive of most American businesses.
So, the next time some idiot tries to tell you that the GOP is “the party of business,” let them know the real facts.
The only businesses Republicans actually support are gun sellers, megachurches, corrupt defense contractors, and giant monopolies. And none of those are good for average Americans, locally-owned businesses, or the US economy.
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aha recall CoC bunch of big monopolistic corps, so gotta throw up little guy am dream indiv rugged invis hand who wants to be a miilionaire Steve Jobs entre BS
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https://www.alternet.org/2020/06/jim-cramer-coronavirus-pandemic-triggered-one-of-the-greatest-wealth-transfers-in-history/
an 620
Jim Cramer: Coronavirus pandemic triggered ‘one of the greatest wealth transfers in history’
Written by Andrea Germanos / Common Dreams June 5, 2020
CNBC‘s Jim Cramer said Thursday that that coronavirus pandemic has triggered “one of the greatest wealth transfers in history.”
The remark from the network’s “Mad Money” host came amid “ominous” economic data but a rebounding stock market.
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“How can the market rebound without the economy? Because the market doesn’t represent the economy; it represents the future of big business,” said Cramer. “The bigger the business, the more it moves the major averages.”
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“And that matters,” he continued, ‘because this is the first recession where big business—along of course with bigger wealth, but that’s not really by show—is coming through virtually unscathed, if not going for the gold.”
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In contrast, small businesses are “dropping like flies,” Cramer said, attributing those failures to the fact that smaller businesses are struggling to pay rent as “major landlords” don’t appear to be offering relief.
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“That’s the thing about this pandemic,” Cramer continued, “it’s been one of the greatest wealth transfers in history.”
Cramer projected that transfer to have a “horrible effect” on the country.
Further, the CNBC host said, “we’ve barely begun to see the impacts” of the pandemic’s economic fallout. Cramer pointed to the latest corporate bankruptcy figures he said would “chill both Republicans and Democrats.”
The new comments came a day before federal data showed the nation facing a 13.3 percent unemployment rate, and as a new analysis showed the fortunes of U.S. billionaires increased by $565 billion between March 18 and June 4. That 11-week period also saw 42.6 million Americans filing jobless claims.
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aha:
lip service from rt, entrepreneur hero and all, but amazon bookseller no sales tax; corps get most covid bill $, must be tight w/ bank to get;
along w/ educ said to be the great way to move up/ meritocracy , but up against walmart, outsource factory, walmart is front end for china imports
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As it grows, Amazon is exposing the deficiencies of the Reagan-era changes in how we think about corporate concentration. By collapsing antitrust enforcement to consider only prices, we have lost sight of what earlier generations knew about monopolies: that they can harm us as producers of value, not merely as consumers of it. And their control over our livelihoods and the fate of our communities is inherently political: It’s a threat to liberty and democracy.
Economists have recently begun to document a link between corporate concentration and rising inequality. Dominant companies, they’re finding, arefunneling the spoils to a small number of people at the top. And by reducing the number of their competitors, these companies are also making it harder for workers to get a fair wage and for producers to get a fair price. A particularly troubling data point in this research is the loss of a long-standing pathway to a middle-class life: starting a business. The number of new firms launched each year has fallen by nearly two-thirds since 1980, and many economists believe that corporate power is to blame. This lack of start-ups is fueling a broader decline in the ranks of small business:Between 2005 and 2015, the number of small retailers fell by 85,000, a drop of 21 percent relative to population.
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https://www.alternet.org/food/trump-wants-deny-struggling-americans-access-healthy-farmers-market-food
last week’s presidential budget, the administration proposed replacing most Supplemental Nutrition Assistance Program (SNAP) benefits with a pre-selected box of mostly dry goods like peanut butter, pasta and cereal. They wanted to stop benefit recipients from choosing their own food, including redeeming their federal assistance at farmers’ markets such as those our organization manages across Los Angeles. That’s right, fresh fruits and vegetables, nuts or whole grains—any semblance of a product that looks like it came from a farm—were excluded. Meanwhile, the plan was introduced with Orwellian descriptors like "access to a nutritious diet" and "100% U.S. grown and produced food."
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