Big companies are taking over the US In industry after industry, from telecoms to retail to banking to healthcare, larger corporations are gobbling up market share from smaller ones — sometimes by merging with them, sometimes by taking their business. Nor does the trend toward mega-corporations show any sign of abating. A proposed merger between media giants CBS and Viacom, and another between pharmaceutical companies Bristol-Myers Squibb and Celgene, are only the latest examples. Mergers and acquisitions activity has increased in the past few years: This trend toward ever-larger corporate behemoths has led many economists, politicians and activists to question whether the US economy is being taken over by monopolies. Further evidence of such a takeover comes from signs that price mark- ups are increasing, and corporate profits have been rising as a share of the economy. If competition really is dying, the US government needs to attack the problem somehow — blocking mergers, breakin...

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