Are Businessmen Truly on Our Side?

During the election season, some candidates declare that they're on the side of 'Business.'

A lot of people either work for a business, or themselves own businesses.  They all think that, if something is good for business, it's good for them.  In an ideal world, this is definitely true.  But many businessmen (and women) are trying to slant the deals so that most transactions favor the business, and not the customer. 

Often, the businesses have a captive market; that is, the customers have to buy from one trader or seller, no matter how unfair or dear the product is.  This happens if the business has put all their competitors out of business, or sells—temporarily—at such a low price that the competition gets outsold; or has to match that low price though they can't afford it.  This is a standard trick, when one retailer is so wealthy that they can sell some product at a slight loss, just long enough to put a smaller retailer out of business, and then raise their prices, once they have no competition.  Business is a dirty game,  in general, though there certainly are businesses that do not resort to that sort of trick. 

Credit cards, for instance, play lots of games.  If you've had a particular card for many years, and have got into the habit of not paying off your balance entirely, they raise your interest rate gradually, until you're paying almost 30% a year (or 2.5% per month!), and you may not realize it. 

A common ruse of manufacturers is to reissue a product—say breakfast cereal—in a package that looks familiar, but contain less of the product, like, say, 14 oz instead of a full 16 oz.  This is called 'Shrinkflation' by whistle blowers, such as Elizabeth Warren, and Robert Reich.  A bill was written in some state house, to require that these products state on the packaging that the new package is smaller (that is, contains less) than the former package. 

I can just imagine that some conservative will argue against this, saying: it's a free country, and this is an example of government overreach!  Yes, it is a free country. But truth in advertising is usually strongly disliked by businesses, who feel that customers should find out these matters for themselves.  And that is a valid point.  But people depend on the government for this sort of information (that disadvantages manufacturers).  This is why DOGE shut down so many regulations, in the name of streamlining bureaucracy.  

So,  bear in mind.  A candidate may be a friend to business.  This only means that businesses will rush to buy television commercials for them.  But this candidate will not rush to protect consumers if these businesses trick consumers into paying for things they do not want. 

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