Just heard the interview on NPR. Worth a read.
There’s no good argument in allowing mergers of companies that are already large enough to be publicly traded at all.
Do We Really Want a Food Cartel?
Submitted 6 months ago by Xaphanos@lemmy.world to aboringdystopia@lemmy.world
https://www.theatlantic.com/ideas/archive/2024/04/food-industry-monopoly-power/678005/
Comments
AllonzeeLV@lemmy.world 6 months ago
AlternatePersonMan@lemmy.world 6 months ago
(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.
AllonzeeLV@lemmy.world 6 months ago
No innovation or competition comes from letting giant companies devour their rivals.
Exactly! It only helps people with two much already hobble competition at those levels.
Civilization has been propagandized to forget that economies don’t exist to maximize capital extraction for investors, an economy is supposed to be a lowly tool of a society used to maximize the efficient and equitable distribution of goods and services for the benefit of saod society.
The tail is wagging the dog, and world governments loudly declare that they will use all the power at their disposal to protect the well being of their beloved
societieseconomies.Just dwell on how perverse that ideology is.
notfromhere@lemmy.ml 6 months ago
If corporations are people then mergers are cannibalism and subsidiaries is slavery.
Gigan@lemmy.world 6 months ago
One of many industries that needs more anti-trust enforcement.
Semi-Hemi-Demigod@kbin.social 6 months ago
Someone dig up Robert Bork and tell him that he was wrong and an asshole
ivanafterall@kbin.social 6 months ago
And slouch towards Gomorrah!? No thank you.
henfredemars@infosec.pub 6 months ago
Our consent is immaterial. That’s how cartels work.
Sam_Bass@lemmy.world 6 months ago
Conagra
justhach@lemmy.world 6 months ago
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.