I sat down at the front of my home and then I saw a truck of a company which is being founded by one of the richest men in the world (An African and a Nigerian to be precise). Then I said to myself, this is Capitalism, extreme monopoly. There is no competitor that stand this business that ever survives it, the few which tries to stand seems to be targeted by whatever is being lobbied by the capitalist company (Lobby? Yes lobby).
In the past a lot of company got broken for Trust but in the last 20 years, this hasn’t been coming through, it looks like technology companies became bigger than the law that makes them answerable to trust Issues. It is very difficult to start a business as an entrepreneur, come out with innovations, grow your wealth gradually and compete with competitors largely only to get called by the congress or senate telling you that you are too big as a company and not allowing other companies to grow. What was expected of the small businesses, that the come and take over the industry? Well, I support that fact that small businesses should be given an equal/fair right to compete with the bigger corporation but the reality isn’t so. One thing a lot of Monopoly do is buy up their competitor and become the major name in the industry. It is still surprising to me that in the last 20 years a lot of these large corporation haven’t been broken.
After Bill Gates almost got a fair share of the anti-trust panel, other businesses had to learn not to make such mistakes. In 1998, Bill’s Microsoft handled the software of 90% of all personal computers and that made the company the biggest in the world at that time but in that same year, Bill Gates was on trial for being too big, and not allowing other companies grow. He was made to know that he needed to get involved in Washington DC but he didn’t do anything. 6 years later, he was facing the department of justice for getting a great product for free. (Now this is politics playing and not just business anymore). Today, Microsoft has a building in Washington DC close to the white house and the company spends money and time with the US government more (Call it lobby). Facebook didn’t make this mistake when they faced congress men, Mark just followed suit with whatever they said and the case went down into the mud, Jeff Bezos also was attacked about low wages and decided to increase his workers fee to $15 per hour. After doing this, the CEO still lobbied with the government to make other people increase the minimum wage to $15 per hour (this will surely affect growing businesses but not affect the corporations)
This isn’t not new as in Nigeria a lot of billionaire CEO and Chairmen to corporations supported the government CACOVID initiative with billions of Naira and Dollars and so many still fired workers saying they couldn’t afford to pay their salaries. Then I ask, why give the government 1 billion Naira (for some people), 1 billion dollars (for others), a few set even gave billions in dollars when you can’t afford to pay the salaries of workers during the pandemic? The answer is Lobby.