Corporate Consolidation: Last Week Tonight with John Oliver

Consolidation Video Essay
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In the video "Corporate Consolidation: Last Week Tonight with John Oliver (HBO)," John Oliver discusses why customers may be angry concerning the increasing mergers and acquisitions of corporations. The decrease in choices and competition significantly leads to customer anger. Prominent politicians agree that smaller businesses are the backbone of the economy (LastWeekTonight, 2017, 0:50). Therefore, when corporations merge or acquire such smaller companies, it decreases the number of players in the market. Such reduced competition often causes limited options for customers and thus increased prices, decreased product or service quality, and low customer satisfaction. There were ten large airlines in 2000 compared to today's four (LastWeekTonight, 2017, 2:42). Such consolidation has resulted in increased fares, less innovation, and decreased customer satisfaction. However, the merger trend has spread to the car rental business, beer industry, and online search engines (LastWeekTonight, 2017, 3:20).
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