#week-06

Image Source What is the role of government regulation in society? If all economic regulations in the United States were abolished, would the economy flourish or fall apart? What government regulations

Image Source One of the statements made by Dr. Per Bylund that truly stuck with me and caused me to think of economic structures in a new light is, “any innovation is inefficient.” When speaking of economic

In a seminar given by Dr. Bylund, he states that "any innovator is necessarily a monopolist". I think this was a very interesting statement because a majority of the time we don't think of monopolies

An answer to the one class question where federalism can rule monopoly power

Week 6 reflection

Per Bylund, the other professor of the current Entrepreneurial Value and Creation in Society course spoke to the free enterprise society about monopoly power. The first thing that stuck out to me was his

Image Source Something I noticed as I read through a few articles on monopolies is that monopolies are seen very negatively. They're seen as a threat to consumers as well as a threat to fair competition

Image Source By instituting a more federalist method of government, the centralized regulations and legislative acts that come from a more central government lose their power over regulatory actions to

Week 6 discussion response

image source Nziske posted the question: “Do you predict that Amazon will monopolize and put a majority of companies out of business in the future?” Amazon has become a very efficient, reliable, and profitable

This is a response to the one question option asking "How can a return to federalism make it more difficult for powerful corporations to exert monopoly power?" According to the lecture given

This is a question posed by @nziske "Do you predict that Amazon will monopolize and put a majority of companies out of business in the future?" Yes, I do believe that Amazon will monopolize and

Image Source @generalfritz14 asked, "Would Amazon be considered a monopoly? What other monopolies, if there are any, are there in the United States and why?" Yes, Amazon can be considered a monopoly.

@atamme asked, "Do you think the big tech companies will form into a single monopolized company?" Do I think the big tech companies will form into a single monopolized company? Absolutely not,

Expanding my discussion from the one question for week 6

From @nziske asked, "Do you think that if parts of the economy become monopolized that it will influence the government to slowly move into a totalitarian state?" in the post, Many companies

@hattiehughs14 asks, "Will small businesses be wiped out if a monopoly of power happens to America?" There are a lot of monopolies that exist in the United States today that have not completely

Do you predict that Amazon will monopolize and put a majority of companies out of business in the future? What are the ethical dilemmas you observe within monopolies? Sustainability issues, law, etc? Do

Week 6 one question response

From: Gawker.com In a capitalist society, the ability to create, own and operate means of production is a given. When a singular company owns too much of a means of production it's a monopoly, is it fair