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Home 🌿 Marijuana Business News 🌿 U.S. Economy Increasingly Dominated by Monopolies as 2015 Corporate Mergers Continue 🌿U.S. Economy Increasingly Dominated by Monopolies as 2015 Corporate Mergers Continue
There’s more evidence that corporate America is becoming ever more monopolistic and that’s not good for small businesses or consumers. This year is on track to see the most corporate mergers and takeovers since the Great Recession of 2008, according to many business page reports that said October was the fifth biggest month ever for mergers.
Meanwhile, the New York Times reported in a recent series that corporate America is increasingly forcing its customers to agree to arbitration in disputes—forgoing the constitutional right to a jury trial—when signing contracts for basic services, and Robert Reich said in his new book, Saving Capitalism, the U.S. economy is increasingly dominated by monopolies.
“We’re now in a new gilded age of wealth and power similar to the first Gilded Age, when the nation’s antitrust laws were enacted,” Reich wrote. “The political effects of concentrated economic power are no less important now than they were then, and the failure of...
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