Word: contracting
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Dates: during 2000-2000
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While we expand, we also contract. America Inc. has become a term for describing the unending mergers of vast companies--multibillion-dollar mergers, real money today. Oil companies, car companies, food companies, banks; everything comes together. Media companies become telephone companies. Telephone companies become software companies. Book-publishing companies are swallowed whole by companies that make music, movies and magazines. Nothing is wrong with these adhesions in principle, but some "products," like books, suffer. Not long ago, the large book publishers would take on a number of excellent but unprofitable manuscripts as a kind of intellectual duty, pro bono work...