Wednesday, October 26, 2016

AT&T’s Merger Could Be A Bad Sign For The Economy

The article's author Ben Casselman (on the website fivethirtyeight.com) says that as soon people found out about AT&T's plan to buy Time Warner Cable, people started freaking out and both major parties agreed to oppose it. The reason is because bigger companies are buying small companies left and right, which means that the economy is becoming less dynamic and competitive.
This also makes it harder for people who are trying to have business startups, considering that they are the key sources of innovation. So due to the big businesses taking over like never before, startups are starting to fail dramatically. Unfortunately, the reason why the economy is becoming a little bit slower is because of these big companies doing these merger deals.

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