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We need the competition, I don't understand why as a society we would want a megacompany controlling the international chemical market.
by bbulkow 11y ago
We need the competition, I don't understand why as a society we would want a megacompany controlling the international chemical market.
- Beltiras 11y agoThe Masters of the Universe deem it profitable.
- ggchappell 11y ago> I don't understand why as a society we would want a megacompany .... We probably wouldn't. But these are companies, not the government. They're allowed to do things we don't like. Yes, there is antitrust law. The U.S. Government gets to rule on whether the merger is legal, but not whether it is good for society.
- joslin01 11y agoThere's still international competition. Monopolies typically bring costs as low as possible for their consumers to block out competitors. This is a fairly positive net-effect. Theoretically, if a company was to get really bad PR then consumers would be OK paying more for their competitor and the great monopoly would show cracks and eventually break (unless it healed itself). Yes we need the competition, but it's not so black/white otherwise no merge would go through.
- hussong 11y agoHow would one monopolist price more competitively than a number of competing vendors? Consumers need competition, producers avoid it where they can. Competition sucks from a producers perspective -- price equals marginal cost and profit is zero (in perfect competition).