There are various types of “trusts” – another, older word for “monopolies” – and fonts that result in the creations of monopolies.
Some of those different types and causes for monopolies are more acceptable to the Federal Trade Commission (FTC) and the Department of Justice (DOJ) than others.
As Julia Granowicz reported recently, monopolies and their growing influence in America are drawing concerns from across the left-center-right political and economic divide. Her post cites concerns within manufactured housing, as the report linked above documents.
One of the impacts of monopolies described in the video below is precisely the ability of big business to more effectively lobbying big government on its own behalf.
As reports beginning to surface from inside the Trump Administration have revealed, federal dollars often flow back to specific groups and/or companies. That, of course, is why lobbying is done in the first place.
OpenSecrets says billions spent every year on lobbying in Washington, D.C. The organization also points out that there is a ‘revolving door’ between federal service and the lobby industry.
As industry professionals are pondering the question of monopolies and their impact on manufactured housing – especially independent companies – the two third party videos below are good primers. The videos explain why monopolies tend to be bad for free enterprise.
Then, this there’s this roughly 20 second video with Manufactured Housing Institute (MHI) President and CEO, Richard A. “Dick” Jennison.
Do you think Jennison’s own words indicate a potential path that results in monopolies?
Then see the three-letter question the industry’s top publisher and industry consultant, L. A. ‘Tony’ Kovach, says can open the door for billions of dollars in more opportunities for independent manufactured home producers. See that, at this link here. ## (News, announcements, fact checks, analysis.)
(Image credits are as shown above, and when provided by third parties, are shared under fair use guidelines.)
Submitted by Soheyla Kovach to the Daily Business News for MHProNews.com.