Black Friday: how monopolists dominate retail

blog-2
consumers
November 23, 2023 Black Friday: how monopolists dominate retail

We have set up a new LinkedIn page, where we will start posting articles more regularly than we have been until now. Please take a look. Here is an excerpt from our first article.

Black Friday: how monopolists dominate retail

The global economy is increasingly characterised by a few dominant firms and their billionaire CEOs, while smaller businesses orbit them in ever more desperate attempts to keep customers, against the odds. Think supermarket chains and their small-business suppliers, or online sellers trying to get their wares visible on Amazon on Black Friday, as examples: all are subservient to a dominant firm, unable to say no to exorbitant fees and conditions.

Now read on.