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Viewsroom

Viewsroom: Mega-mega mergers

Viewsroom

Reuters

News

4.458 Ratings

🗓️ 7 May 2020

⏱️ 28 minutes

🧾️ Download transcript

Summary

The Great Lockdown will inevitably encourage governments to foster the creation of ever-larger “national champions” through corporate consolidation. Rob Cox, Edward Chancellor and Lauren Silva Laughlin discuss possible combos – and why this would be a bad outcome for capitalism. See acast.com/privacy for privacy and opt-out information. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Hear that? It's your big McDonald's hunger calling, because the Big Arch is back, and this time it's here to stay with juicy beef, cheddar cheese and that Big Arch sauce.

0:09.9

Hungry, you are now.

0:11.6

Order delivery on the McDonald's app.

0:15.0

Serve from 11am, upcharges and fees apply to delivery orders.

0:17.9

Subjects availability, price and participation may vary.

0:19.9

The views expressed on this podcast are those of the participants, not of Roiders' News.

0:29.9

Welcome to the views room, a weekly podcast brought to you by Reuters breaking views.

0:35.6

I'm Lauren Silva Loughlin coming to you from my home in Dallas, Texas.

0:40.2

This week I spoke to our fearless leader, Rob Cox, whose hold up in Switzerland.

0:44.9

Rob wrote a great column about how we could see the U.S. version of Saudi Aramco and other similar

0:49.9

massive companies as governments and corporations push for mergers to shore up supply chains

0:55.0

and create national giants. And I've looped in contributing columnist and former colleague,

1:00.6

Edward Chancellor, who also wrote about the slow march towards consolidation and the dangers

1:05.6

it has created in the chicken and egg businesses, as well as many others.

1:11.7

Happy listening.

1:14.5

All right, guys, so you both wrote this week about a topic near and dear to my heart,

1:18.8

which is M&A, but it really isn't just about mergers as we think of them.

1:24.8

More of a fundamental shift, I would say, in globalization and capitalism in some

1:30.7

regards.

1:31.7

So Eddie, let's start with you.

1:33.5

You talk about chicken and egg supply chains in your piece, which I think is at this point

1:39.3

more literal than figurative, say.

...

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