Quote:
Originally Posted by Gengen
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What we just need are regulations, which should be enforced without preferencial treatment to some people. These regulations should: - Allow free entry into a market
- Allow competition, not MONOPOLY
- Transparency in business dealings
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For monopoly to be eliminated partially, (it can not be completely eliminated-my view), the so called potential competitors must meet up to some minimum standard that will make it obvious to the regulators that they (the new competitor) will be able to keep close to the standards set by the monopoliser. If nobody is up-coming, monopoly will continue.
Transparency is good, but must be treated with caution. How open can you be? Will you let your enemy know that you have diarrhoea, so that he will plan his attack? There still has to be business secrets. Depending on the country, it may be to fund a campaign, or to attend a big man's son's wedding or to donate to a club. The real motive will never be made public. A decent example is the NASCON sale of shares. Why did Dangote not sell it at the going market price over a few weeks? He could have made tons of cash....at least 20% more. Why did SEC allow one man in the first place to own 95% of a quoted company? We may never know. These things happen all over the world. Just like every tribe has its own beat, different tribes also have their own dance steps.
I agree with you that we are heading for gold. We have to keep the faith.