What moral or economic principle determines why one company shouldn't be allowed to buy another, as long as it's not reducing competition (e.g. Amazon buying Barnes and Noble, or Amazon buying Wal-Mart)?
If Amazon simply built its own One Medical that grew to the same size, should that similarly be prohibited? And how are you going to determine the dollar value valuation of a company where it's not allowed to buy companies anymore?
Because conglomerates -- corporations that have products in lots of different industries -- have been around for a long time. They grow when they think they can generate economies of scale and synergies, which is good for consumers.
Socialism, communism, anarchism, some Democratic Socialism, and some progressivism all believe there’s moral and economic principles to not let an Amazon or CVS keep buying up companies.
There’s lots of anti-capitalist resources available online. It’s sometimes hard to find them because of the Red Scare and capitalist’s wildly violent suppression winning the Cold War. Cheers!
Also, lots of neoliberal and other broadly pro-corporate-capitalist viewpoints outside of the Austrian/Chicago camp; unrestrained corporate monopoly is only seen as not a problem in a very small slice of the economic ideological space.
What moral or economic principle determines why one company shouldn't be allowed to buy another, as long as it's not reducing competition (e.g. Amazon buying Barnes and Noble, or Amazon buying Wal-Mart)?
If Amazon simply built its own One Medical that grew to the same size, should that similarly be prohibited? And how are you going to determine the dollar value valuation of a company where it's not allowed to buy companies anymore?
Because conglomerates -- corporations that have products in lots of different industries -- have been around for a long time. They grow when they think they can generate economies of scale and synergies, which is good for consumers.