These mergers hurt everyone except for CEOs and investors who profit off of monopolistic prices.
If we step back, we see these two moves are part of a larger trend: America is getting crushed by big, unresponsive, powerful corporate monopolies, the modern version of the trusts of the gilded age. This isn’t happening organically, but through mergers. We should take this setback to recommit to a new anti-monopoly movement, where we use all the laws available – at the federal and state level – to stop these modern Goliaths from crushing our democracy.
Corporations are running and the people are losing. Time to do something about it.