Business: Mega-Mergers :: Business, Foreign Firms, Corporations, Capitalism

Mega-mergers is a combination of dickens atomic modus operandi 18 more major companies joining together according to Eitzen (365) in 2006 Mergers and acquisitions in the united states simply were worth 1.45 trillion. There atomic number 18 thousands of mergers each year that makes giant breadbasket become more bigger. For example Time, Inc., and AOL joining with Warner Communications, Texaco buying out Getty Oil, and early(a) mergers that combined with foreign firms like British Petroleum with Amoco and Daimler with Chrysler. There be nsix negative consequences of mega mergers are (1) It increases the centralization of capital, which causes a reduction competition withal raises prices for consumers (2) It increases the power of huge clubs over its workers, unions, and its governments (3) The benefits of local communities are diminished (4) It reduces the number of jobs (5) It increases corporate debt and (6) It is non-productive. Corporation rather constrain profits for their lawyers, accountants, brokers, bankers and big investors than to create and help communities bloom by building new plants or facilities, products or most importantly new jobs. Interlocking estimateorates is the linkage between toilet that results when an individual(a) serves on the board of directors of two companies (a direct interlock) or when two companies each have a director on the board of a third company (an indirect interlock) (Eitzen 365) Interlocking directorates lowers competition by the communion of information and the coordination of their policies. The Clayton Act was passed in 1914 which made it illegal for one individual to be part of the corporate board of two companies that were in direct competition to one each other. Transnational Corporation is any corporation that operates in more than one country, which provides the larger companies with enormous economic and policy-making power according to Eitzen (366)1Most business and corporation are shifting ov erseas is for profit, profits higher overseas and manufactures and production are cheaper as well.Work is a universal activity (Eitzen, 368) The system forge work in order to produce good and other types of serve for the people like foods, clothing, shelters, education and ETC, the work force gives individuals a sociable identity, economic resource and a social location. Although the system organize shaky working environment for its workers in some cases where some worker sense of smell alienated, exploit and often dehumanized. Workers start to feel bored with the job because of the terrene task, doing the same thing over and over again.