GM = General Mopar?

Stick Racing · 10-12-2008, 06:08 PM

The GM-Mopar merger reminds me of the discussion I had with a bank employee last week. Seems my local bank mergered with another bank in the eastern part of the state.When I asked about the merger, the teller explained to me how it would 'make the bank stronger'. I suppose the expression on my face must have tipped the girl off I wasn't happy. It reminded me of the same response a local farm equipment dealer said to me about three farm dealers merging.

I think when any two or more businesses merge, it decreases competition and creates a monopoly.Prime example: Exxon Mobil. With little or no competition, you can set your price.

Hondas, Toyotas ect are competition, but the profits go outside the country..

Home Depot came to town with great prices. Now the few 'Mom and Pop' businesses that are still in business can match or beat their prices. If you think Exxon has huge profits, check out Monsanto.
They own 22 different seed companys. High price of food?

Small business will soon become extinct.

Andy Stone

10-12-2008, 06:08 PM	#12
Stick Racing Member Join Date: Mar 2007 Posts: 169 Likes: 4 Liked 0 Times in 0 Posts	Re: GM = General Mopar? The GM-Mopar merger reminds me of the discussion I had with a bank employee last week. Seems my local bank mergered with another bank in the eastern part of the state.When I asked about the merger, the teller explained to me how it would 'make the bank stronger'. I suppose the expression on my face must have tipped the girl off I wasn't happy. It reminded me of the same response a local farm equipment dealer said to me about three farm dealers merging. I think when any two or more businesses merge, it decreases competition and creates a monopoly.Prime example: Exxon Mobil. With little or no competition, you can set your price. Hondas, Toyotas ect are competition, but the profits go outside the country.. Home Depot came to town with great prices. Now the few 'Mom and Pop' businesses that are still in business can match or beat their prices. If you think Exxon has huge profits, check out Monsanto. They own 22 different seed companys. High price of food? Small business will soon become extinct. Andy Stone