martybegan
Diamond Member
- Apr 5, 2010
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And you are scared to answer questions.
Explain how CEOs colluding to hold down wages is good capitalism.
Explain how it is illegal. How is an agreement between different orgs that does not impact the consumer, except for maybe keeping costs down, bad capitalism?Collusion is an agreement between two or more parties, sometimes illegal and therefore secretive, to limit open competition by deceiving, misleading, or defrauding others of their legal rights, or to obtain an objective forbidden by law typically by defrauding or gaining an unfair advantage. It is an agreement among firms or individuals to divide a market, set prices, limit production or limit opportunities.[1] It can involve "wage fixing, kickbacks, or misrepresenting the independence of the relationship between the colluding parties".[2] In legal terms, all acts effected by collusion are considered void.[3]
Marty, dear Marty...what has happened to you and these type of stances of yours as of late?
Collusion is illegal, period. As it should be.
If these corporations were open about their policy and also gave these employees a non compete contract, where the employee was aware of the policy and compensated for the contract, then it would be fine...but that is NOT what happened here.
So what law was actually broken besides stretched anti-trust violations?