4 ms·
Why does the US government allow so many M&A that are obviously bad for workers, managers and the market?
by Clubber 2y ago
Why does the US government allow so many M&A that are obviously bad for workers, managers and the market?
- byus 2y ago[dead]
- kridsdale3 2y agoStock Price Go Up. 401k Go Up. Voters Happy.
- thmsths 2y agoIs it really? Because for my 401k I mostly favor long term sustainable growth. Likewise as a consumer I prefer having a good product at a fair price. So I am not convinced that these short term squeezes are that popular with voters.
- thatguy0900 2y agoVoters don't even understand this is happening, honestly.
- throw_nbvc1234 2y agoVoters aren't likely to care until their retirement amount stops growing and suddenly their projections/plans go out the window. Then they'll suddenly start caring whether they understand the reasons why or not.
- deleted 2y ago[deleted]
- potato3732842 2y agoAdd a 4th one to the list. If they solved the problem people would question their budget.
- jfdjkfdhjds 2y agobecause they are alowed to invest in the market they are supposed to regulate. why do you thin icahn at the time trashed online ad companies he had stake in? sinking that money on number 3-5 whan you own much more return on consolidatig 1 and 2?
- mfworks 2y agoMostly because In the 1980's the mergers guidelines at the FTC were dramatically narrowed explicitly to reduce antitrust enforcement and allow consolidation. It basically kicked off the wave of Corporate Raiders like Carl Icahn that dominated the 80s financial world (Gordon Gecko was based of this model of individual). Since then we've seen consistent, steady consolidation of almost every industry. Matt Stoller writes about this frequently, and does an incredible job highlighting everywhere it's happening and what the downstream consequences are. I'm surprised he's not more popular on HN. Article on what I described above: https://www.thebignewsletter.com/p/the-secret-plot-to-unleash-corporate?s=r https://www.thebignewsletter.com/p/the-secret-plot-to-unleas...
- mfworks 2y agoOne of the most unambiguously good things Biden did during his term is appoint the actual most aggressive antitrust individual in the modern political environment to be head of the FTC, and a similar profile in Jonathan Kanter to the DOJ.