Originally Posted by Piobaire
Free markets are not in the interest of big business. Big business wants to buy influence and legislation to protect their interests. I am surprised I would have to say this to you. For an example, the one I always point out was the airlines paying people like Teddy Kennedy to fight deregulation. Why would the airlines do this, if not to prevent market forces from entering their sector? Often, what's good for the macro economy and the consumer market is decidely not good for the interests of big business.
I don't agree with this. While there are no doubt numerous examples of big companies throwing their weight around, I do believe most want free markets. I've worked with boat loads of senior executives and they are ardent free markets folks. Maybe there is a better case with the large multi-nationals but in my experience most companies with $500 million or more in sales want less in taxes, regulation, and public sector intrusion. In fact, they only want govt help in limited areas such as setting a common standard for data and certain processes so businesses can communicate better. Also on the last sentence above, I cannot disagree more strongly. The best companies from a shareholder value creation standpoint are keenly focused on creating a great customer experience. Happy customers drive long-term buying relationships. Firms that come to mind with a focus on the consumer are Apple, Wal-Mart, Lowes, Coca-Cola, Google, and ebay.