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As an American, I've always found it mind-boggling how average Americans cheer these types of M/As. The argument is that consolidation leads to more "efficiency
by ralmidani 9y ago
As an American, I've always found it mind-boggling how average Americans cheer these types of M/As. The argument is that consolidation leads to more "efficiency" and "synergy", but those benefits are usually not passed down to consumers (actually, market domination allows a company like Disney to price-gouge even more on movies and merchandise).
- guntars 9y agoThis is basically just entertainment (Fox News included) so they can do whatever they want. If this was healthcare, for example, it would require a bit more scrutiny IMO.
- ralmidani 9y agoAs noted in this thread, the entertainment industry is almost single-handedly responsible for the draconian Copyright laws in the US. So the harm caused by consolidation can extend beyond entertainment (think software). Also, there is almost no alarm being raised by consolidation in healthcare, such as the CVS/Aetna deal.
- crisdux 9y agoIt's wrong to take a hard line either way. It depends on a variety of factors such as the form of consolidation and the industry.