In the Matter of Staples/Essendant, Inc., File No. 1810180 #02175

Submission Number:
02175
Commenter:
Leonardo Legorreta
State:
Illinois
Initiative Name:
In the Matter of Staples/Essendant, Inc., File No. 1810180
A sign that our markets are not working, that they are not competitive is the emergence of mega mergers on the scale of this one. The stock market capitalization is at a historic high even after adjusting for inflation, yet, the number of publicly traded companies is at dismal lows, harping back to the Gilded Era. Without a doubt, consolidation is killing the "invisible hand," and near monopolies have taken over. Do not approve this measure. Further, institute processes to reverse the current trend towards plutocracy and restore our competitive markets.