Thursday, September 26, 2013

Conglomeration: Sweeping the Nation.

   Conglomeration is a word my grandpa uses to describe a mess or of jumble of things. Usually he uses it in lieu of the word tarnation, but I mean that's just a personal preference. 

   Conglomeration in the journalistic sense is similar. Conglomeration-the process of taking small media organizations, purchasing them, and pulling them together. It's sounds like a game of monopoly, and it can easily become one. So let look at the side of the conglomerates and everyone else.


First the pros:
  •  efficiency
  •  more money with less of a risk
  •  and of course, if you buy up all the companies, you'll have less competition
 These obviously cater to the conglomerates themselves, and not the consumers or smaller companies.

Cons of conglomerates:
  • risk (the conglomerates are putting all their chips in one pile.)
 Cons to everyone else:
  • less competition (conglomerates can price whatever they want)
  • less diversity (conglomerates can use one idea in every one of their facets)
  • less jobs
   But I'd like to tie back into the monopoly observation. I think our class should discuss which conglomerates monopolize, and that toll on society.
 

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