By Stephen G. Hannaford
An oligopoly (from the Greek, few dealers) is a marketplace that's ruled by way of a couple of huge and robust gamers. As Steve Hannaford records with a variety of examples, nearly each today—from scientific apparatus to airways, toy retailing to oil—is trending during this path, within the maximum flow towards consolidation because the flip of the twentieth century. Charting the process this pattern worldwide, Hannaford examines the motivations at the back of consolidation as a result of mergers, acquisitions, buyouts, and alliances; how businesses exert political strain to their virtue; and the way the activities of the main dominant players—such as Coca-Cola, Wal-Mart, Viacom, Dell, ExxonMobil, Citigroup, and others—affect the alternatives we make on the grocery store, the medication we're prescribed, and the flicks we watch.Everyone who reads the newspapers knows the dizzying velocity of mergers, acquisitions, buyouts, and alliances, among giant businesses and small businesses in each undefined. Such bargains, in addition to the turning out to be social and political clout of the largest businesses, are serious matters for the economic climate and for our destiny as consumers.Charting the process this pattern worldwide, Hannaford examines the motivations at the back of consolidation into company empires, how businesses exert political strain to their virtue, and the way the activities of the main dominant avid gamers, similar to Coca-Cola, Wal-Mart, Viacom, Dell, ExxonMobil, Citigroup, and others, impact the alternatives we've on the grocery store, the medication we're prescribed, and the flicks we watch. contemplating the consequences of focus on festival, technological innovation, company administration, technique, purchaser habit, and politics, Hannaford paints a provocative, yet eventually balanced, photograph of huge enterprise and its influence on society.
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Additional info for Market Domination!: The Impact of Industry Consolidation on Competition, Innovation, and Consumer Choice
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Premium Beef—and it continues as a much-diminished group. The growth of cooperatives can have its own anticompetitive aspects. ‘‘Some cooperatives have consolidated or in other ways grown to a size providing countervailing power against large private firms. S. Justice Department settled an action against the Eastern Mushroom Marketing Cooperative, the nation’s largest mushroom farmer cooperative, which has been buying up rival farms and closing them down, something called ‘‘supply control,’’ an antitrust no-no.
That stock price involves not so much an assessment of the current value of the company and its assets, but a speculation on its future growth (or shrinkage). In this way, (new) companies that lose money still can experience rising stock prices, if the perception is that in the near future they will make money. The managers of such companies are under enormous pressure to ensure steady and regular increases in the perceived value of the company. Wall Street analysts predict the expected financial results for the next quarter.