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It doesn't come at the expense of the employees of the acquired business. They often get rich, or at least land a well-paying and career-enhancing gig at the ac
by cwp 3y ago
It doesn't come at the expense of the employees of the acquired business. They often get rich, or at least land a well-paying and career-enhancing gig at the acquiring company.
This is important, because it means that new companies that compete with the monopolies have many paths to success. If the only possible outcomes are "beat Amazon" and "fail hard", you won't get many attempts; it's better to get an entry-level job at Amazon and climb the ladder.
So yeah, monopolies are bad, but banning M&A only helps them.
- ClumsyPilot 3y ago> If the only possible outcomes are "beat Amazon" and "fail hard", If you start a car company, are your only two options 'beat Wolkwagen" and fail hard? How many car companies do we have?
- cwp 3y agoNo, because M&A isn't banned. I don't know how many car companies we have, but I do notice that there are a bunch of new ones recently. Just off the top of my head: Tesla, Lucid, Rivian, Cruise.