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E-book Your Money or Your Life : The Tyranny of Global Finance
The tendency towards concentration in the corporate sector has been given a huge boost as we approach the twenty-first century. There were more mega-mergers in 1998 than in any previous year - in banking, insurance, oil, chemicals, pharmaceuticals, automobiles and the media. This merger frenzy has amplified the power of a handful of companies over whole sectors of the global economy. The mergers have gone hand in hand with a renewed offensive on the employment front; they invariably mean dismissals and downsizing through 'voluntary' retirement.
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