No economy can be in true equilibrium when the consumers send profits to be spent in unforeseen and unrelated ways like this. Every purchase carries potentially immense future costs that are almost completely opaque.
Free market maximalists need to confront this fact before praying at the altar of complete deregulation, and every consumer should pay more attention to who they are buying from.
I mean of course I think the outcome here is bad, but I’m struggling to think of a kind of regulation that could have prevented it that isn’t completely insane.
Edit: Listen everyone, it sucks, but there's no "one weird trick" where you can have a congress, judiciary, and executive branch dominated by Republicans, that then governs like Democrats. This isn't a "regulation" problem. It's a "roughly half the country wanted this" problem. Adding more regulations is not going to suddenly make the FTC act right; we have thousands of regulations already on the books and if they wanted to do something, they could.
The FTC is responsible for enforcing regulations that would prevent mergers that negatively impact the quality of services and innovation. They aren't doing their job.
According to data from Thomson Reuters, 2015 is set to be the biggest year ever (once the planned deals close) in worldwide dealmaking, with $4.7 trillion in announced mergers and acquisitions—up 42 percent from 2014, and beating the previous record of $4.4 trillion in 2007.
The year stands out, not just for the total value of the deals but for the number of so-called mega-deals, which refers to any deal that exceeds $5 billion. Just in the last three months, notable mega-deals include AB Inbev’s acquisition of SABMiller, creating a $104 billion beverage company; Pfizer and Allergan’s announced a $160 billion merger; and the chemical companies DuPont and Dow Chemical Company’s plans to unite as a $130 billion company. Thomson Reuters counted 137 mega-deals last year, which accounted for 52 percent of the year’s overall M&A value.