Written by: Terry Link
Primary Source : Possibilitator, October 1, 2016
In the past few months we have seen an acceleration of mergers among giants in many industries. Dow Chemical and Dupont, followed by Monsanto and Bayer, Marriott and Starwood, Microsoft and Linked-In, Verizon and Yahoo, and recently Miller and Budweiser. Each of these firms were giants before a merger. By combining they not only grab more market share, they concentrate wealth and power in fewer hands. And of course, we always hear about the increased ‘efficiency’ that comes with the new combo. Translated into our vernacular that means many folks lose their jobs while a few people at the top get wealthier and wealthier.