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And yet there was no higher entity to suggest such a bonding. There were no symbolic marriage certificates suggesting that society and the creator of the universe gave their implicit endorsement of such mergers to which logic would say that they would be no more preoccupied with than a man the mating habits of a rat in a city park.
Cartels are conceived in order to cut members' costs of sales. Small firms are motivated to pool their purchasing and thus secure discounts. Dick draws attention to a paradox: mergers provoke the competitors of the merging firms to complain. Why do they act this way? Mergers and acquisitions enhance market concentration.
He mounted to succeeding heights until it seemed that like Alexander he must soon brood over the smallness of the world's opportunity. Colossal mergers grouped themselves into structures of stupendous strength. His pride was bloated with successes, yet all the while across his own table he must encounter eyes that withheld reverence and politely masked something like contempt.
These are determined by the structure of the market, legal and bureaucratic hurdles, the existence, or lack thereof of functioning institutions, and by the possibility to turn an excess profit. The index suffers from other shortcomings. Often the market is difficult to define. Mergers do not always drive prices higher.
Thus the commission is required not only to approve all agreements among corporations, all mergers, all issues of securities, but they are in general responsible for the manner in which the corporations are operated. The grant of such huge powers can be explained only on the ground that the private interest of these corporations is radically opposed to the interest of their patrons.
Mergers, business failures, deregulation, globalization, technology, dwindling and more cautious venture capital, avaricious managers and investors out to increase share prices through a spree of often ill-thought acquisitions all lead inexorably to the congealing of industries into a few suppliers. Such market formations are known as oligopolies.
Together they continued in biweekly conferences to compile the endless cycle of programs that moved like a chain along the cogs of city to city. There were nine Enterprise Amusement Theaters now, the newest red-headed pin on the circuit map as far west as Tulsa, their booking route as yet independent of any of the larger and recent vaudeville mergers.
The vast majority of them had entered self-employment, not as a first-choice option, but as a result of industry mergers, relocations and redundancies. These people should actually be regarded as casualized workers, rather than as self-employed, since they have little autonomy and tend to depend on only one publishing house for their work."
To this purpose, we should strengthen our antitrust laws by closing those loopholes that permit monopolistic mergers and consolidations. Our national farm program should be improved-not only in the interest of the farmers, but for the lasting prosperity of the whole Nation. Our goals should be abundant farm production and parity income for agriculture.
Josiah hesitated, struggling to speak to his daughter as though she were a young man instead of a young woman. But heredity, training and world-old custom restrained him. What would a girl know about mergers, combinations, fundamental patents, the differences between common and preferred stock, and all that? "It would only confuse her," he thought, looking at her with love in his eyes.
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