Although Americans’ confidence in most major U.S. institutions remains below historical levels for most institutions, two institutions are notable for rating higher than their historial levels, the military at 72% and small business at 67% (as measured by the sum of respondents who said “a great deal” or “quite a lot” of confidence), according to the June 2-7, 2014 Gallup Poll. Big business is a woeful 14th on the list and is rated at a meager 14%.
We at Technology Bloopers find the recent spate of acquisitions and mergers within both the technology sector (e.g., Western Digital and SanDisk, and Lam and KLA-Tencor) and other sectors (e.g., Walgreens and Rite Aid, and AB Imbev and SAB Miller) distressing, if only because “Absolute Power Corrupts Absolutely”. And its first cousin agglomeration is not much better.
Do beer drinkers really want a world of boring lagers or one of tasty craft beers? Or do diners really want their meals increasingly dominated by garish and uninteresting gigantic chain restaurants (big business) serving below-average variety, taste, and healthiness of food or a world of eating with lots of tasteful (in both décor and food) provided by smaller, independent businesses with the owners on site? We didn’t think so.