> and i disagree that a company can get as big as google if everyone involved was wealthcapped at $10mm. There'd be no real reason to seek ever-higher profits, especially if every company was forced to abide these rules.
As it is many of these companies are predominantly owned by index funds and pension funds, i.e. the retirement savings of ordinary people, with a net worth of e.g. $200,000 rather than $10,000,000. But they'd rather it be $250,000, wouldn't they? So the incentive remains.
> as an aside, isn't it weird that during the high fuel prices in the last 4 years the fuel producing companies have made record profits?
That's not weird, it's how supply and demand works. When demand is higher than supply, anyone who can provide supply makes a lot of money. That's the incentive for anyone who can to increase the amount of supply they can provide, until the price comes back down and increasing supply is no longer profitable.
But OPEC is a cartel, and cartels artificially constrain supply. This is why monopolies are bad.
As it is many of these companies are predominantly owned by index funds and pension funds, i.e. the retirement savings of ordinary people, with a net worth of e.g. $200,000 rather than $10,000,000. But they'd rather it be $250,000, wouldn't they? So the incentive remains.
> as an aside, isn't it weird that during the high fuel prices in the last 4 years the fuel producing companies have made record profits?
That's not weird, it's how supply and demand works. When demand is higher than supply, anyone who can provide supply makes a lot of money. That's the incentive for anyone who can to increase the amount of supply they can provide, until the price comes back down and increasing supply is no longer profitable.
But OPEC is a cartel, and cartels artificially constrain supply. This is why monopolies are bad.