AskProfWolff: Mergers & Monopolies

Get your copies of Prof. Wolff's books with d@w: "Understanding Socialism" and "Understanding Marxism" https://www.democracyatwork.info/books Submit your own question to Prof. Wolff on Patreon:   / community  . AskProfWolff is a @Democracy At Work production. We are committed to providing these videos to you free of ads. Please consider supporting us on Patreon.com/economicupdate. Become a part of the growing Patreon community and gain access to exclusive patron-only content, along with the ability to ask Prof. Wolff questions like this one! Your support also helps keep this content free to the public. Spreading Prof. Wolff's message is more important than ever. Help us make this possible. A patron of Economic Update asks: "I wonder about mergers. What is the rationale for ever more consolidation of businesses, as one company absorbs another, resulting in gigantic complexes of industries? What benefits are there, if any? What negatives are there? I imagine that profit-taking continues through every level of the consolidated businesses, which has to cost the consumer." Follow Wolff ONLINE: Web: http://www.rdwolff.com Patreon:   / economicupdate   Twitter:   / profwolff   Facebook:   / economicupdate     / richarddwolff     / democracyatwrk   Subscribe to the EU podcast: http://economicupdate.libsyn.com Shop for EU merchandise: http://bit.ly/2JkxIfy