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Conglomeration happens in all markets. A given American in a given geographical area (say lower Michigan) has exactly the same limits in options of grocery stor
by llm_nerd 3y ago
Conglomeration happens in all markets. A given American in a given geographical area (say lower Michigan) has exactly the same limits in options of grocery stores, for instance. Almost all Americans choose from three telcos. There is nothing unique in that.
Most markets trend towards a few winners that dominate.
Overall the legalization and commercialization has been a spectacular success, and ultimately it is markets and capitalism at its healthiest. Loads of firms tried to capitalize to find the market saturated, so there are a few winners and lots of losers. Everyone adjusts. That's exactly how it should be.