A pelle ( o di panza se preferite ) avverto da tempo un disagio sulle big corporate americane,
La loro posizione dominante deve essere in qualche modo indebolita.
La loro attività fiscale di elusione deve essere combattuta.
Riporto uno stralcio del FT che da corpo alle mie sensazioni.
Queste sono cose lunghe per maturare ma nel medio periodo penso che le cosiddette FAANG non saranno un affare,
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America’s biggest companies are grabbing a swelling share of revenues across major sectors while workers see pedestrian wage growth, teeing up a vexed debate over whether public policy needs to respond.So-called superstar companies are becoming increasingly powerful, allowing some to widen the mark-ups they charge on products and services. As these highly profitable businesses become more dominant, workers are capturing a smaller slice of the economic pie, some analysts say, contributing to income inequality. Democratic party politicians and progressive think-tanks have latched on to the phenomenon: Elizabeth Warren, the Massachusetts senator, has urged that antitrust authorities sharpen their teeth and claims that “competition is dying” in America. The notion that antitrust laws are too lax is contested, however. A presentation from the US Department of Justice and the Federal Trade Commission at the OECD in June cast doubt over some of the research on concentration in the corporate world, saying the analysis was not tracking meaningful product markets. Economists increasingly agree that some sectors are becoming more dominated by a few big corporate players. A standard measure of corporate concentration — the Herfindahl-Hirschman index — is up 48 per cent since 1996. There has been greater concentration in about 75 per cent of US industries in the past two decades, according to research from academics including Gustavo Grullon of Rice University. America’s internet giants have, for example, built powerful positions in their markets. Google and Facebook together controlled more than 58 per cent of total US digital advertising spending last year, according to eMarketer. Amazon is on track to capture nearly half of America’s ecommerce market this year, according to the research group, while its share of overall retail in the country, including offline sales, is 5 per cent. Healthcare has meanwhile seen a wave of acquisitions, including hospital tie-ups and the proposed merger between CVS Health and Aetna. The IMF published research in June focusing on a measure of corporate power — mark-ups measuring the gap between the prices charged and production costs. Among US publicly listed companies these have risen by a sales-weighted average of 42 per cent from 1980 to 2016, in a possible sign of weaker competition. Similar trends are visible in other countries. “We see evidence of rising market power and declining competition in the US,” said Daniel Leigh, deputy division chief in the western hemisphere department of the IMF. “This is coupled with signs that the [labour] share is going down.”