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Corporate Consolidation

Big businesses are getting even bigger thanks to a rise in corporate mergers. John Oliver explains why that could make you want to physically destroy your cable box.

Welcome to the new game in America; it's not a monopoly, but it's close it's an oligopoly. To quote Jim Cramer, "I always say competition while great for you as a consumer is an anathema to profits". Sometimes a business will be a total monopoly with no competition whatsoever, and while that's the ideal it's very rare to see a genuine monopoly because of course it is against the law.

Which brings us to the next best thing, an oligopoly where a handful of companies control an entire industry, coexisting peacefully without much in the way of price competition.