Weekly Address: Ensuring a Fair and Competitive Marketplace

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Source: White House

Hello everyone. If you have ever played a basketball game at a gym, or participated in a school competition, or created a small business in your city, you know that competition is something positive. It pushes us to give the best of ourselves. And they also know that a fight is only fair when everyone has an opportunity to win, when everyone has access and the rules are clear and uniform.

This is important for consumers, our employees, our employers and our farmers. You deserve a fair chance, even if there are other bigger competitors in the market. Without a truly competitive market, such large companies can either raise prices, or stop striving to provide good service, or keep their employees' salaries too low. And in this age when large corporations often join together to form even larger entities, our leaders have an even greater responsibility to see for us as consumers.

To ensure that the US economy continues to grow and that US companies continue to succeed, we must protect the principle of fair competition. This is not an idea of ​​Democrats or Republicans - it's an American idea, because it's the best way to make sure the best ideas get to the top.

Read more: https://www.whitehouse.gov/the-press-office/2016/12/17/mensaje-semanal-garantizando-un-mercado-justo-y-competitivo

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transcript at link
https://www.whitehouse.gov/briefing-room/weekly-address

(snip)
Our free market economy only works when there is competition. And competition only works when there are established rules that make it fair, open and honest. If you are creating a product that will be the next sensation in the market or if you simply want to treat them well as consumers, that is good for you and good for the country.

Thank you all and have a good weekend.

[Crash2Parties]

1. "you know that competition is something positive." False premise

That only works if you completely believe that Capitalism is the best way to go.

Remember, the ultimate (if impractical) end goal of Capitalism itself is the concentration of wealth and power in a single person. Theoretically, it is flawed.

There are other systems on which to base an economy (and thus, a political system) that only include highly contained, very limited competition.

[BumRushDaShow]

2. K&R

and only a couple of these left.

I think one key to helping to solve what this address was about is to halt the massive merges that have concentrated various industries into single entities, with us rapidly heading for a future of "The Bank", "The Drug Company", "The Cable Company", "The Television Network", etc.

Ah well.... Thanks for the weekly post and hope you enjoy your weekend as well!

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3. Hi BumRushDaShow

I'll miss posting them
I hope you had a great weekend!