Surely It’s Time To Stop All Mergers!
In Australia, we live in one of the most concentrated corporate markets in the world. In every sector duopolies and oligopolies control markets to the detriment of competition and consumers. Surely it’s time to stop all mergers. Mergers benefit companies and shareholders at the expense of the market. Productivity is not improved via this concentration of corporate control over markets. This can be observed via the evidence, as the concentration of market power into the hands of fewer businesses has accompanied years of falling productivity. If companies don’t need to compete for market share they do not innovate and improve productivity rates.
Economics Politics
