Will that help or hinder economic prospects? There’s a convincing argument that a market in corporate control generates efficiency gains. A management that fails to deploy a company’s assets effectively to generate returns for shareholders ought to feel the discipline of a potential takeover. Yet a general principle doesn’t necessarily apply in every case. My guess is that a wave of corporate consolidation after this crisis is likely to reduce competitive pressures in the economy. This will not serve the interests of consumers.
Being able to screw the customers is to deploy corporate assets with greater efficiency. Not that it’s the sort of efficiency we want of course but the idea should be obvious and not need explaining.