*via easy money, record profits, overvalued equity prices – global M&A activity has hit nearly $4T YTD
The big companies are getting bigger (dominating markets) as corporate concentration gets worse and driving further inequality
Competition is fading faster and faster https://t.co/sFE1eE9Yb2 pic.twitter.com/AgX9nJ4SKx
— Adem Tumerkan (@RadicalAdem) September 6, 2021
And the bigger these firms get ~ the more ‘lobby-power’ they have (using $ to buy regulators to erect barriers of entry = kill competition)
& as i showed in recent article – it’s paid of big (a basket of 50 highest spending lobby-firms outperformed S&P500 5%/yr over a decade)👇🏻 pic.twitter.com/8K4QcOAMmf
— Adem Tumerkan (@RadicalAdem) September 6, 2021
Got a news tip or correction? Let us know
If you got something out of this, please chip in to keep this site running, or subscribe to go ad-free.
1 view