https://www.youtube.com/watch?v=00wQYmvfhn4
In this, Last Week Tonight's John Oliver breaks down the problems and economic affects in corporate consolidation, thus creating "oligopoly". In this current market status, where major corporations are controlling the majority of the market, crushing competitions (see the battle with Luxotica and Oakley, starting at 10:05), we will see much more layoffs and lack of economic competition.
The increasing lack of competition when it comes to prices, with mass competition being one of the fundamental building blocks of capitalism and laissez-faire economics named by Adam Smith and other thinkers, will result in a sharp increase of prices, leaving those on bottom in the dust.
Also, mass consolidation goes against the Sherman Act of 1890, the Clayton Act of 1914, and the Federal Trade Commission Act of 1914, though act through loopholes
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