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Big companies get bigger because of market consolidation. Competition is a lie. News at 11.
by jadedhacker 8y ago
Big companies get bigger because of market consolidation. Competition is a lie. News at 11.
- marcosdumay 8y agoCompetition is so real that big companies spend large amounts on market consolidation, just to escape it.
- deleted 8y ago[deleted]
- jadedhacker 8y agoThey still escaped it. Competition was the driving force for companies to become big and monopolistic. The "intended" effect of the market resulted in the opposite.
- nickpsecurity 8y agoCopyrights, patents, and lawyers weakening or blocking competition helps. Then have buildings near top colleges to pull their talent. Then, throw in some labor and price fixing plus other cartel behavior in some sectors for the win. :) There's a lot more to it. These just get ignored by the media and studies the most. The corporate media is doing similar stuff. No surprise they'd downplay it. Author covered talent snatching but misses most of the rest. Even the too hard to clone requirement comes from IP law (trade secrets). And a lot gets cloned anyway.