Re:These 15 Billionaires Own America's News Media Companies ...
by AtlasBarfed on Monday February 15, 2021 @02:02PM
(#26145920)
Practically every "market" in America is a cartel or monopoly. Really this augurs the future of massive multinational corporations consolidating and controlling worldwide markets with cartel/monopoly power that will be even more insulated from regulation.
Innovation comes from many players in actual competition.
Sure some innovation can come from subdepartments in megacorps, but if you've spent any time in large corporations and witnessed the empire building and other structural behaviors more in common with single party rule governments, you know that innovation is suppressed.
Employment likely is suppressed. You'd need more people doing the various roles of companies, and while that seems less efficient that what large companies are doing overall, I'd argue the reduced middle management pyramids and increased amounts of people trying different management and software approaches will lead to a net gain in efficiency, more fluidity, more GDP, and more local employment.
Large cartels/monopoly megacorps also are better able an to lobby the government to entrench themselves. Possibly their greatest advantage. And highly incented to do so, which increases the overall corruption in the system of government.
How much of the perceived corruption increase in American government, despite the transparency that the internet allows, is due to the monopoly/cartel consolidation throughout the economy?
Innovation comes from many players in actual competition.
Sure some innovation can come from subdepartments in megacorps, but if you've spent any time in large corporations and witnessed the empire building and other structural behaviors more in common with single party rule governments, you know that innovation is suppressed.
Employment likely is suppressed. You'd need more people doing the various roles of companies, and while that seems less efficient that what large companies are doing overall, I'd argue the reduced middle management pyramids and increased amounts of people trying different management and software approaches will lead to a net gain in efficiency, more fluidity, more GDP, and more local employment.
Large cartels/monopoly megacorps also are better able an to lobby the government to entrench themselves. Possibly their greatest advantage. And highly incented to do so, which increases the overall corruption in the system of government.
How much of the perceived corruption increase in American government, despite the transparency that the internet allows, is due to the monopoly/cartel consolidation throughout the economy?