Cartel,
Oligarchs, Politicians and Poor Citizens
Earlier, the word "cartel"
was associated with illegal businesses, but today, it has become a common
occurrence in so-called legal businesses. In these cases, oligarchs join forces
to fix prices and exploit customers. When corporate entities fund political
parties, politicians become puppets, pledging allegiance to these organizations
in their quest for power.
As citizens, we often feel helpless
when paying for services. We are witnessing a cartel-like situation in sectors
such as telecommunications and airlines, and we may soon see similar situations
in many other industries where large entities buy out smaller competitors to
eliminate competition.
One effective way to combat these
situations in the future is to focus on supporting small businesses instead of
large corporations. By doing so, we can help strengthen smaller players and
prevent cash inflows to larger entities. If large corporations experience
reduced revenue, they may find it challenging to fund elections and acquire
smaller companies. By making this a part of our purchasing behavior, we can
work towards preventing cartels and ultimately dismantling oligarchies in
business.
M.L. Narendra Kumar
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