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4 posters

Octopus style monopolies

yellow knife

yellow knife: Top contributor; Posts : 6980
Join date : 2014-03-27

Post n°1

Octopus style monopolies

by yellow knife Mon May 09, 2016 8:56 am

I was happy to see a discussion by ET and Chuti on monopoly of Octopus style..

So let this chart be the beginning of this discussion.

**************************************************************

Ivar Kreuger created a monopoly of Match Making and owned almost like 3/4 of the entire world match making...

Octopus style monopolies Images?q=tbn:ANd9GcRDWp2nEtYjcfoAmW353of_re7TRfpFOZ5WyBcpB0H-jfWnDXkV

Octopus style monopolies Images?q=tbn:ANd9GcRDWp2nEtYjcfoAmW353of_re7TRfpFOZ5WyBcpB0H-jfWnDXkV

Octopus style monopolies Ivar-kreuger-imperiet

Kreuger's match empire at the time of his death in 1932. Image: The Life and Death of Ivar Kreuger (1932)

Octopus style monopolies Ivar-kreuger-imperiet

chutiputha

chutiputha: Top contributor; Posts : 1948
Join date : 2014-11-09
Age : 38
Location : SL

Post n°2

Re: Octopus style monopolies

by chutiputha Mon May 09, 2016 10:02 am

Thank U Sir...
I would wish to notify some advantages of monopoly from google..

Only one single seller in the market. There is no competition.
There are many buyers in the market.
The firm enjoys abnormal profits.
The seller controls the prices in that particular product or service and is the price maker.
Consumers don’t have perfect information.
There are barriers to entry. These barriers many be natural or artificial.
The product does not have close substitutes.

Advantages of monopoly

Monopoly avoids duplication and hence wastage of resources.
A monopoly enjoys economics of scale as it is the only supplier of product or service in the market. The benefits can be passed on to the consumers.
Due to the fact that monopolies make lot of profits, it can be used for research and development and to maintain their status as a monopoly.
Monopolies may use price discrimination which benefits the economically weaker sections of the society. For example, Indian railways provide discounts to students traveling through its network.
Monopolies can afford to invest in latest technology and machinery in order to be efficient and to avoid competition.

Disadvantages of monopoly

Poor level of service.
No consumer sovereignty.
Consumers may be charged high prices for low quality of goods and services.
Lack of competition may lead to low quality and out dated goods and services.

................................................

Agreed..
But If u go for Perfect Competition no state people able to be in the state market in par with above manner.

and lot of job opportunities for state employees and lot of advantages over it.

If the product or service without over value,then what the problem of it???

Last edited by chutiputha on Mon May 09, 2016 10:06 am; edited 1 time in total

yellow knife

yellow knife: Top contributor; Posts : 6980
Join date : 2014-03-27

Post n°3

Re: Octopus style monopolies

by yellow knife Mon May 09, 2016 10:04 am

Thanks Chooti

You have summarized all what I wanted to say...

Ethical Trader

Ethical Trader: Top contributor; Posts : 5568
Join date : 2014-02-28

Post n°4

Re: Octopus style monopolies

by Ethical Trader Mon May 09, 2016 1:51 pm

Thanks YK for starting the thread. Chuti has done a good search on advantages & disadvantages of monopolies. Thanks for that.

Yes, monopolies can be used for re-investment of profits, research & development, differentiate on prices helping the needy, reduce cost of production etc. These are all theatrical arguments for monopolies. Not available in practice.

It all depends in whose hands the monopoly is vested. If its in the hands of the Govt., yes monopoly could be good for the people in politically matured countries but not in Sri Lanka and if its in the hands of few individuals they would eventually become crony capitalists. Hence, I personally hate monopolies in what ever form.

See what MR did to our national carrier? See what he did to CTB, CEB, TRC etc. They still clamor for state monopolies when Ranil tries to rationalize their management through good management & private sector participation.

Why do they clamor for state monopolies?, because they want to continue to misuse public property if they come into power again. I have personal experience on how they misused CTB buses for their party work. All should be brought to book at least now.

chutiputha

chutiputha: Top contributor; Posts : 1948
Join date : 2014-11-09
Age : 38
Location : SL

Post n°5

Re: Octopus style monopolies

by chutiputha Mon May 09, 2016 3:18 pm

Thank You dear ET for ur view on prior topic,It's not worth for general public when monopoly used by politics.
but in the situation like war era or some thing like that it's really required the monopoly as MR(2005-2009),RP and RW (1987-1989) did.May be u can see No democracy views..

I wish not to talk more about politics where as i purely not interest.

chutiputha

chutiputha: Top contributor; Posts : 1948
Join date : 2014-11-09
Age : 38
Location : SL

Post n°6

Re: Octopus style monopolies

by chutiputha Mon May 09, 2016 3:31 pm

Octopus style monopolies BUP_DFT_DFT-1514

කිත්සිරි ද සිල්වා

කිත්සිරි ද සිල්වා: Top contributor; Posts : 9679
Join date : 2014-02-23
Age : 66
Location : රජ්ගම

Post n°7

Re: Octopus style monopolies

by කිත්සිරි ද සිල්වා Mon May 09, 2016 5:58 pm

Monopoly is a bane for consumers for sure. Very Happy

Ethical Trader

Ethical Trader: Top contributor; Posts : 5568
Join date : 2014-02-28

Post n°8

Re: Octopus style monopolies

by Ethical Trader Tue May 10, 2016 11:27 am

Yes misuse of state monopoly by MR really began after 2009.

chutiputha wrote:Thank You dear ET for ur view on prior topic,It's not worth for general public when monopoly used by politics.
but in the situation like war era or some thing like that it's really required the monopoly as MR(2005-2009),RP and RW (1987-1989) did.May be u can see No democracy views..

I wish not to talk more about politics where as i purely not interest.

Ethical Trader

Ethical Trader: Top contributor; Posts : 5568
Join date : 2014-02-28

Post n°9

Re: Octopus style monopolies

by Ethical Trader Tue May 10, 2016 11:40 am

Guys, read https://forum.lankaninvestor.com/t8001-octopus-style-monopolies#67924 to understand the depth of corruption & foreign funds taken out from the country during MR regime.

Four persons named in Panama Papers are Directors of Avan Gard Company Sri Lanka which had virtual monopoly on protecting vessels passing Sri Lankan waters.

In fact, this was the legitimate duty of the Sri Lanka Navy but this duty was vested in Avan Gard Ltd violating all laws for unknown reasons. It looks like a way to rob & take foreign funds out of the country.

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Octopus style monopolies

Octopus style monopolies

Re: Octopus style monopolies

Agreed..
But If u go for Perfect Competition no state people able to be in the state market in par with above manner.

and lot of job opportunities for state employees and lot of advantages over it.

If the product or service without over value,then what the problem of it???

Re: Octopus style monopolies

Re: Octopus style monopolies

Re: Octopus style monopolies

Re: Octopus style monopolies

Re: Octopus style monopolies

Re: Octopus style monopolies

Re: Octopus style monopolies

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Octopus style monopolies

Agreed..But If u go for Perfect Competition no state people able to be in the state market in par with above manner.and lot of job opportunities for state employees and lot of advantages over it.If the product or service without over value,then what the problem of it???

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Agreed..
But If u go for Perfect Competition no state people able to be in the state market in par with above manner.

and lot of job opportunities for state employees and lot of advantages over it.

If the product or service without over value,then what the problem of it???