Yum. On my way home, I pass by some hole-in-the-wall eateries that are frequented not only by nearby residents but by folks from elsewhere judging from the number of vehicles parked outside. Apparently, the customers are enjoying food and company despite the simple and barren interiors, the seemingly unbearable heat and humidity, and the smell of burnt food from the grill. If only most small establishments in our City were patronized by as many people everyday, I am inclined to believe that an important stage to the distribution of economic prosperity throughout social classes is at hand.
Likewise, I am witness to the mushrooming shopping centres and supermarkets owned by one super-wealthy family whose name has literally been transformed into a brand. That's the same story in regard to similar families -- very rich, owners of large industrial empires, in control of huge economic levers, mutually reinforcing, motivated by monopolistic objectives.I feel very strongly against monopolies or near-monopolies. These practices are undemocratic and seriously undermine the economic health of nations. Furthermore, they rob us of the ability to exercise choices and to benefit from efficiencies (such as lower prices) attendant to a variety of choices in the market. Their presence in effect kills enterprise. In some sense, they are consumer terrorists.
I pray for the end of their era in much the same way that the big US banks have been shuttered on account of uncontrolled greed. I'd like to see flourishing small businesses with authentic products and genuine interests. May that time arrive soon.
