4 ms·
I didn’t take tooooo many econ classes but it sure seems like there are a lot of monopolies, oligopolies, and potential cartels these days.
by 7speter 3y ago
I didn’t take tooooo many econ classes but it sure seems like there are a lot of monopolies, oligopolies, and potential cartels these days.
- listenallyall 3y agoWhen every company has easy access to the entire world, or at least an entire country, the natural direction is towards far fewer, extremely well-capitalized companies eventually squeezing everybody else out. And we're seeing that in almost every industry, for sure.
- piva00 3y agoI'm not that old yet, in my mid-30s, and still during my lifetime I've seen an incredible amount of corporate-consolidation in multiple countries. It's happening in multiple societies, across multiple different industries: food, media, banking/finance, tech, auto manufacturers, etc. Last time I looked into some companies from my home country that were part of daily life in my childhood I see that most have been acquired by a larger corporation, or became corporations with multiple mergers themselves. It's been happening pretty fast the past 20 years.