Time-Warner and Comcast

DOJ approved the merger today.

Now, remember, this is three big companies merged together: Time, Warner, and Comcast.

The purpose of the merger is not to improve economic efficiency and market innovation. It is to charge YOU more for less. The effect is to adjust your income so that you are obliged to take on debt to do business with mega-merger companies.

Making sure it is a free market in priority improves economic efficiency (accountability) and market innovation; and instead of getting less for more (by reversing the rents) you get more for less (effectively reducing the debt obligation), which is exactly what capitalists don’t want!

The Department of Justice says the merger is fine as long as there is competition in the “streaming” market.

Huh?

The streaming market is so jammed-up now there is little bandwidth left to ensure the competition. Streaming companies are looking to capitalize on the dwindling supply against demand to jack-up prices. The result is rising prices (more demand for debt) across the so-called competing market sectors, supposedly innovating their way to expanding the marginal profit by means of rigging the market, to defeat the legitimate results of free-market enterprise on demand.

This is really messed up!

Understand that the DOJ is a function of administrative law. It operates with executive authority and this kind of garbage is why the Obama administration looks more like an Ivy-League recruitment poster than government of, by, and for the people.

Vote For Sanders!

Advertisements

About griffithlighton

musician-composer, artist, writer, philosopher and political economist (M.A.)
This entry was posted in Uncategorized. Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s