This is not a new phenomenon: the industry has been consolidating for decades. Yet it has become increasingly problematic. A series of corporate collapses over the past 20 years, including Enron, Worldcom and Carillion, have been blamed, in part, on failings by their auditors.
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The United States has an Epidemic of Processed Food — and it’s Killing Us
Please update your billing information. The subscription details associated with this account need to be updated. Please update your billing details here to continue enjoying your subscription. Your subscription will end shortly. The winner-take-all economy is making losers out of American workers and communities.
We desperately need more competition. Now read: Amazon is going to kill more American jobs than China did.
America’s most successful companies are killing the economy - MarketWatch
Rex Nutting is a columnist and MarketWatch's international commentary editor, based in Washington. Follow him on Twitter RexNutting. Economic Calendar Tax Withholding Calculator. Retirement Planner. Sign Up Log In.
By Rex Nutting. Comment icon. Text Resize Print icon. By Rex Nutting Columnist. These are goods and services we buy every day. Must read: Anheuser-Busch InBev shuts out craft beer brewers by hoarding hops In some cases, those few companies act more like a cartel than they do competitors. Here are the three biggest problems with our winner-take-all economy. Wages are lower; profits are higher The most damning charge is that the trend toward larger companies is driving a wedge between the few at the top who are paid spectacularly well and the majority at the bottom whose wages are stagnant.
Source: Census Bureau. Rex Nutting. Related Topics U.
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