Capitalists often defend corporate mergers on the grounds that they supposedly increase competition. That is a clear misdirection. Mergers actually reduce overall competition by making the resultant merged company more competitive vis a vis its rivals. Don’t be fooled by this head-fake.
Capitalists often defend corporate mergers on the grounds that they supposedly increase competition. That is a clear misdirection. Mergers actually reduce overall competition by making the resultant merged company more competitive vis a vis its rivals. Don’t be fooled by this head-fake.