Breaking up → to disintegrate companies and entities
Why?
- monopolies → a company(s) that dominate a marketplace or industry
- expansion types that monopolies do:
- horizontal: offering a variety of services or options
- companies with a lot of money buy in smaller companies or suppliers (cheaper supply sourcing)
- those smaller companies have less incentive and decreased productivity (buy & kill tactic)
- example) Amazon: producer + market supplier → buys smaller companies and kills free competition (big retail suppliers buy smaller companies and those who accept lose incentive and productivity and those who refuse most likely will go out of business)
- those smaller companies have less incentive and decreased productivity (buy & kill tactic)
- companies with a lot of money buy in smaller companies or suppliers (cheaper supply sourcing)
- vertical: being at the top of one industry or field
- horizontal: offering a variety of services or options
- IMF → chain reaction because all smaller companies connected to the parent company went bankrupt
- reduce competition
- Anti-trust act
- examples) Samsung, Alphabet, Apple, Meta
- expansion types that monopolies do:
- oligarchy → telecommunication companies in South Korea (SK, LG, SKT)
- chaebols (essentially monopolies)
Gov:
- Goal: generating competition
- protecting small companies
- generating diversity and new perspectives
- Harms of monopolities
- Protecting democracy
- Mitigating unprecedented risks
Con:
- consumer benefits → more experience
- efficiency in directing market direction
Clash:
- who provides better innovation and productivity (chances)
• Since they have a lot of money, they have the ability to fund research and development (RnD) compared to smaller firms that do not have the finances to do so. Ex: Google X aims to provide innovative products that are geared towards disabled people and etc that makes their products qualified and have more people to access these high-quality products at a cheap price.
• Monopolies have a very low chance of failing and can adapt to various market trends and situations – this protects the country’s economy and the employees.
DEBATE RESULTS [win]
-> position = deputy + reply
- personal feedback:
- form better clarifications
- decrease the quantity of mechanizations and increase the number of impacts
- prove exclusivity of argument if whip does not plan to weigh