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Originally posted by TheRedneck
This is the theory behind the 'free market': not total absolution from any requirement for fair and equitable behavior. Who can better control the actions of the local business than the local people? They have direct and immediate control, via their spending habits, on whether or not that business succeeds or fails. Customers also have the ability to offer feedback and even negotiate with businesses. There may be a conventional wisdom that a business has fast and fixed rules - this may even be true for larger businesses where control is centralized in another area - but the fact is that a business that is not responsive to the needs and wishes of its customer base will fail. Don't like the price? You have every right to make an offer, but of course the business has every right to refuse it. If you refuse to pay the price, the business loses a sale and you lose the purchase. If the business accepts the offer, it makes a profit and you get the price you wanted. There is incentive there for both parties to negotiate, as long as the final negotiation is in the best interests of both.
In an ideal worl, this would work. However, what we have is a situation where a local business can do everything right, but a company that breaks all the rules like Wal-Mart will just take over and start to dictate their terms. Most people do not follow the path that the "free market model" indicates that they should follow.
The very nature of capitalism and year-over-year profit growth dictates that over time smaller businesses MUST be taken over by bigger businesses in order for growth to continue.
The core problem is stock ownership and the expectation of year-over-year growth. It is an unsustainable business model.
Originally posted by hadriana
My mortgage has been sold so many times - is the initial contract I had still what's valid?
I never got another.
The first 2-3 years after we bought the home we never knew WHO to pay - we were always getting letters it had been sold but nothing else. It finally ended up with Wells Fargo and has been there for years.edit on 3-1-2012 by hadriana because: (no reason given)