Quote:
Originally Posted by 1991 Canadian
We are in an era where consolidation and lack of competition is killing this historical uplifting benefit.
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Feels like the world needs some monopoly busting especially in the tech sector. I was reading an interesting parallel between the conglomerate boom in the 60s and the current state of the large tech companies. Traditional conglomerates fell out fashion and are still unpopular on wallstreet except when it comes to tech companies. Remains to be seen if the story will play out differently this time around but conglomerates were a huge drag in the 60s and 70s.