The Economist September 17.2016

The Economist September 17.2016

https://yadi.sk/d/J6Pdy_UpvNwHF

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"More concentration, less focus

Bulking up is a global trend. The annual number of mergers

and acquisitions is more than twice what it was in the 1990s.

But concentration is at itsmostworryingin America. The share

of GDP generated by America’s 100 biggest companies rose

from about 33% in 1994 to 46% in 2013. The five largest banks account

for 45% of banking assets, up from 25% in 2000. In the

home of the entrepreneur, the number of startups is lower

than it has been at any time since the 1970s. More firms are dying

than being born. Founders dream of selling their firms to

one of the giants rather than ofbuilding their own titans."