the Voice of
The Communist League of Revolutionary Workers–Internationalist
“The emancipation of the working class will only be achieved by the working class itself.”
— Karl Marx
the Voice of
The Communist League of Revolutionary Workers–Internationalist
“The emancipation of the working class will only be achieved by the working class itself.”
— Karl Marx
Jan 4, 2016
In 2015, Mergers and Acquisitions, where one company buys up another, increased tremendously. They added up to a record $4.6 trillion, up 41% from 2014. The previous record was in 2007, on the eve of the financial and economic crisis, which still hasn’t ended.
These figures show that the capitalists continue to prefer to use their accumulated profits to buy up other companies rather than invest in developing production. Since these Mergers and Acquisitions usually lead to thousands of layoffs at each company, far from helping end the crisis, they wind up making things worse.