PunterLog Posted March 15, 2021 Posted March 15, 2021 Based! Hope we see more Adani's and Ambani's in India. raki05, Yoda-esque and mishra 1 2
Khota Posted March 15, 2021 Posted March 15, 2021 4 hours ago, Vilander said: Free market baby. Crony capitalism. Under_Score 1
Khota Posted March 15, 2021 Posted March 15, 2021 10 hours ago, coffee_rules said: Anti- trust is about limiting of one or two companies holding a monopoly on market cap. Not for limiting one man’s holding shares of many companies. You are asking limiting or capping one person’s wealth, USSR or old China style. Shouldn’t happen in a free market economy. It is also about restricting monopolies among many clauses.
Khota Posted March 15, 2021 Posted March 15, 2021 9 hours ago, Mariyam said: Not sure what anti trust laws have to do with this particular topic. However, in certain cases, for instance when a company is a pioneer/developer of a certain service/product and in its light many similar companies spring up, the guidelines by the CCI to regulate 'competition' are at best vague. Since you are the resident legal mind, does Anti-Trust Law not cover monopolies? How does a court declare a monopoly, I know for sure it is not 100% of market value but do know it has to be higher than 50%,
Khota Posted March 15, 2021 Posted March 15, 2021 It is a disgrace/shame that people are celebrating liscence raj again like Birla making Ambassdor. Elon Musk has a unique product that he has developed(I personally don't like it) but what innovation have Ambani and Adani done? Name one only.
coffee_rules Posted March 16, 2021 Posted March 16, 2021 34 minutes ago, Khota said: It is also about restricting monopolies among many clauses. not for individuals , he’s holding company shares, the company operates in a sector that has many competitors. Unless his company is predatory and gobbles competitors, there is no clause to restriction his wealth.
coffee_rules Posted March 16, 2021 Posted March 16, 2021 32 minutes ago, Khota said: It is a disgrace/shame that people are celebrating liscence raj again like Birla making Ambassdor. Elon Musk has a unique product that he has developed(I personally don't like it) but what innovation have Ambani and Adani done? Name one only. What innovation or product did Warren Buffet make? PunterLog, Clarke and raki05 3
Khota Posted March 16, 2021 Posted March 16, 2021 8 minutes ago, coffee_rules said: not for individuals , he’s holding company shares, the company operates in a sector that has many competitors. Unless his company is predatory and gobbles competitors, there is no clause to restriction his wealth. Not if you hold majority of market share.
Khota Posted March 16, 2021 Posted March 16, 2021 8 minutes ago, coffee_rules said: What innovation or product did Warren Buffet make? How does that answer my question.
coffee_rules Posted March 16, 2021 Posted March 16, 2021 29 minutes ago, Khota said: Not if you hold majority of market share. You have no idea about market share. I wish you read more about anti-trust laws.
coffee_rules Posted March 16, 2021 Posted March 16, 2021 30 minutes ago, Khota said: How does that answer my question. Not all wealth accumulators are innovators
Khota Posted March 16, 2021 Posted March 16, 2021 33 minutes ago, coffee_rules said: Not all wealth accumulators are innovators For economy to grow you need to think beyond service sector.
Khota Posted March 16, 2021 Posted March 16, 2021 35 minutes ago, coffee_rules said: You have no idea about market share. I wish you read more about anti-trust laws. I have a fairly good idea what is going on if majority of wealth is going to the top.
coffee_rules Posted March 16, 2021 Posted March 16, 2021 40 minutes ago, Khota said: I have a fairly good idea what is going on if majority of wealth is going to the top. Then it is not anti-trust laws that you want to limit one’s wealth
Yoda-esque Posted March 16, 2021 Posted March 16, 2021 It's good there's free enterprise.Not everyone wants to be phukatchands like a few states.
Cricketics Posted March 16, 2021 Posted March 16, 2021 Good on Adani Never understood the bashing of billionaires by janta when this same public celebrates millionaires. Moment someone is a billionaire or little richer they get mad. Doesn’t add up. You are the one buying shares in their company to stay afloat so you can tip in fancy reataurants (whilst still bargaining with the poor sabzi waala on the cart). coffee_rules, raki05, PunterLog and 1 other 4
Khota Posted March 16, 2021 Posted March 16, 2021 26 minutes ago, coffee_rules said: Then it is not anti-trust laws that you want to limit one’s wealth Monoply and anti-trust are the same thing.
Khota Posted March 16, 2021 Posted March 16, 2021 4 minutes ago, Cricketics said: Never understood the bashing of billionaires by janta when this same public celebrates millionaires. Moment someone is a billionaire or little richer they get mad. Doesn’t add up. You are the one buying shares in their company to stay afloat so you can tip in fancy reataurants (whilst still bargaining with the poor sabzi waala on the cart). Top businessmen have done something. No one is envious of them. The issue is that few families are gaming the system.
Cricketics Posted March 16, 2021 Posted March 16, 2021 1 minute ago, Khota said: No one is envious of them. The issue is that few families are gaming the system. Everyone games the system. Stock market is a game, putting house or a floor/flat or rent and buying extra properties to then sell it later is a game which is all common across all over India or the world. People will do anything to make money and its fine. Because of these companies there are so many jobs in India also. Otherwise all we will have is more and more Indians working in call centres over night to provide tech support only and workers will be one bad support from being fired, something which Vietnamese and Philipinos are going throuhh at this time and even that would be less. We need to be thankful to some of these billionaires who help create a lot of jobs in India.. Also, If they got an idea to make money before us in a certain way without hurting a person on sttreet or killing anyone or robbing a bank, I say kudos to them. coffee_rules and raki05 1 1
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