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

Mega-mergers is a combination of two are more major companies connectedness together according to Eitzen (365) in 2006 Mergers and acquisitions in the united states alone were cost 1.45 trillion. There are thousands of mergers all(prenominal) year that makes giant corporation turn over more bigger. For example Time, Inc., and AOL joining with Warner Communications, Texaco buying out Getty Oil, and other mergers that combine with foreign firms like British Petroleum with Amoco and Daimler with Chrysler. There are nsix banish consequences of mega mergers are (1) It increases the centralization of capital, which causes a reduction controversy also raises prices for consumers (2) It increases the violence of huge corporations over its exerters, unions, and its governments (3) The benefits of local communities are diminished (4) It reduces the number of jobs (5) It increases incarnate debt and (6) It is non-productive. Corporation rather create profits for their lawyers, accoun tants, brokers, bankers and big investors than to create and assistance communities bloom by building new plants or facilities, products or most(prenominal) importantly new jobs. Interlocking directorates is the linkage between corporation that results when an psyche 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 ternion company (an indirect interlock) (Eitzen 365) Interlocking directorates lowers competition by the sharing of randomness 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 scotch and political strength according to Eitzen (366)1Most business and corporation are change over oversea s is for profit, profits higher overseas and manufactures and production are cheaper as well.Work is a universal activity (Eitzen, 368) The system organize work in order to produce good and other types of services for the bulk like foods, clothing, shelters, education and ETC, the work force gives individuals a social identity, economic resource and a social location. Although the system organize unsafe on the job(p) environment for its workers in some cases where some worker feel alienated, crop and often dehumanized. Workers start to feel bored with the job because of the everyday task, doing the very(prenominal) thing over and over again.