Quote:
Originally Posted by nota
my objection to mergers is it will almost always reduce competition
result in less not more choice for consumers
and limit the ability of investors to invest in a single good product line
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Absolutely correct. I was trying to show that they often benefit very few people.
Another related problem is they concentrate our economic "eggs" in relatively few "baskets". When there are only a handful of players in an industry and they all do something stupid, it poses risks not just to consumers but to our whole economic system. Think mortgage-backed securities,the banking industry, and the whole "too big to fail" bailout fiasco.