WSJ: Tech Giants Are Heading Towards Monopoly Status

A new column the Wall Street Journal argues that companies like Google, Facebook, and Amazon are heading towards monopoly status in their respective industries. A Thursday column in the Wall Street Journal by Christopher Mims argues that several Silicon Valley giants are gaining monopoly-sized market shares in their respective industries. Mims explained that modern monopolies look much different than monopolies of the past. Mims cited the example of monopolist Andrew Carnegie using armed guards against his striking workers. One way todayÂ’s monopolists are different from the robber barons of old is that theyÂ’re not exactly ​behaving like, for example, Andrew…

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Bayer knowingly infected hemophiliacs with HIV yet it’s merger with Monsanto will go on

The Big Pharma giant Bayer has just won approval from the US Justice Department for the $62.5 billion dollar takeover of the agrichemical behemoth Monsanto. The deal, which was solidified on Tuesday, has many people on edge knowing that Bayer, a company with a sordid history of corruption is merging with Monsanto, the company who has made an empire with its pesticide, herbicide, and genetically-engineered seed empire. As DW reports, as part of Bayer’s agreement with US antitrust enforcers, the German firm will be required to divest some $9 billion in assets. Regulators said they directed Bayer to sell off its entire cotton, canola, soybean and vegetable seeds businesses, as well as its digital farming business. It will also sell its Liberty herbicide, which competes directly with Monsanto’s product RoundUp. Prior to this sell off of assets, government regulators voiced their fears that the merger of these two companies would hamper competition and be a detriment to both farmers and consumers. Although Bayer’s asset sales were the largest divestiture ever required by the United States, some concerns over this monopoly are still alive, and rightfully so. Though Bayer established its reputation for the invention of aspirin, a more nefarious incident involving an HIV-contaminated drug to be administered to children suffering from hemophilia proved the corporation’s practices aren’t as noble as it would have the public believe.

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