(not) > allowing mergers of companies that are already large enough to be publicly traded at all>
That’s a great way of putting it. I’ve said that once you own X market share or produce X revenue, mergers should not be allowed. No innovation or competition comes from letting giant companies devour their rivals. I like your line in the sand better.
Institutions survive long after their meaning has been lost. All of recorded history is nearly this identitical power struggle with abstractions applied as time goes on. We have been at this for nearly as long as society has existed. I have small hopes at this point, even our schools exist to prepare children for the factory line. We are so far down this backwards path it might kill us to turn around.
Canadian here. No, you fucking dont. We basically have 2 major players (Loblaws and Sobeys), and they were caught red-handed fixing the price of bread a few years ago, and faced next to no punishment for it.
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We already have a bunch don’t we? Large food companies under many brands selling to a limited number of supermarket chains?
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If corporations are people then mergers are cannibalism and subsidiaries is slavery.
(not) > allowing mergers of companies that are already large enough to be publicly traded at all>
That’s a great way of putting it. I’ve said that once you own X market share or produce X revenue, mergers should not be allowed. No innovation or competition comes from letting giant companies devour their rivals. I like your line in the sand better.
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Institutions survive long after their meaning has been lost. All of recorded history is nearly this identitical power struggle with abstractions applied as time goes on. We have been at this for nearly as long as society has existed. I have small hopes at this point, even our schools exist to prepare children for the factory line. We are so far down this backwards path it might kill us to turn around.
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One of many industries that needs more anti-trust enforcement.
Conagra
Canadian here. No, you fucking dont. We basically have 2 major players (Loblaws and Sobeys), and they were caught red-handed fixing the price of bread a few years ago, and faced next to no punishment for it.
Let them eat
cakethe rich.