Good stuff Sal
One of the most boggling things to me is that these huge corporations are just gobbling up little companies to the point that they are frankenopolies that wouldn't be allowed just a few decades ago. I remember HP being broken up because they figured there was no reason that a printer company should be working on medical technology so Agilent broke off to manage the medical side of things apart from HP. But just look at Google, Intel, Elon Musks companies, and Facebook and they are constantly acquiring companies that have nothing to do with their core product.
I just don't get it. The prevention of monopolies was something that was taught in my business classes as a necessary thing to allow the (BULLSHIT) invisible hand of the free market to do its thing and keep everything fair. Pay no attention to the externalities behind the curtain!
One of the most boggling things to me is that these huge corporations are just gobbling up little companies to the point that they are frankenopolies that wouldn't be allowed just a few decades ago. I remember HP being broken up because they figured there was no reason that a printer company should be working on medical technology so Agilent broke off to manage the medical side of things apart from HP. But just look at Google, Intel, Elon Musks companies, and Facebook and they are constantly acquiring companies that have nothing to do with their core product.
I just don't get it. The prevention of monopolies was something that was taught in my business classes as a necessary thing to allow the (BULLSHIT) invisible hand of the free market to do its thing and keep everything fair. Pay no attention to the externalities behind the curtain!
