Thursday, April 05, 2012

One Southern Indiana's economic ideal is revealed.

The trick for 1Si is to recruit members who will pay to be a member of an organization that actively subverts their own economic interests, so as to identify with peers and then "network" themselves into extinction -- not unlike the Republican Party in political terms.

Hmm. There's not a connection, is there?  Can someone ask Mitt Romney and the US Chamber of Commerce?

Oligopoly (From Wikipedia, the free encyclopedia)

An oligopoly is a market form in which a market or industry is dominated by a small number of sellers (oligopolists). Because there are few sellers, each oligopolist is likely to be aware of the actions of the others. The decisions of one firm influence, and are influenced by, the decisions of other firms. Strategic planning by oligopolists needs to take into account the likely responses of the other market participants.

(Thanks to KC for the hint)

No comments: