Low Inflation Dynamic Favors Business with Pricing Power

I think as long as we continue to situate in a low inflation environment, capital deployer will likely continue to favor businesses who can generate high markups and margin via pricing power…

which means horizontal mergers will be implemented macro-wise and ultimately, further market concentration of human capital and financial capital will continue, until some level of regulatory direction steps in.

This is perhaps, partly why economic productivity has been low for some while now (along with the argument that software, ironically, causes lower productivity, along with relatively easier flow of goods/services).