- Joined
- Dec 8, 2017
- Messages
- 8,797
I don't know what ever happened to our anti-trust laws in the USA, but the Dept. of Justice apparently doesn't care much about those laws since we have consolidated wealth at the top of the markets. Here's a thread where we discussed those companies.
https://www.homesteadingforum.org/threads/the-threat-of-mega-everything.1017/
The media is a good example with 6 corps owing 90% of the media.....even local media. I know this is true in my area. All the papers and local news stations tell the same 'story' often using the exact same words. We also have banks, health care institutions, medical devices, big pharma, and food. I think I read somewhere that there are only 4 main beef companies that distribute 85% off all beef to consumers. The other food companies are also very few, even though it seems like there are many brands, like we've seen recently with beer companies like InBev. Other places where I have little choice in my area include internet providers, cell phone providers, garbage disposal services, etc. Those choices have gotten even less in the post Covid era since workers don't seem to want to go back to work.
I've always wondered why new companies on Shark Tank don't have their products on shelves. Sure, there are some, but many of those companies either get squashed by the big ones or get bought up by them. Those big corps don't want competition. However, they will suck up the technology or ideas and use it to their advantage sometimes via licensing deals, while the original owners continualy lose control of their own company. I think that is dangerous b/c these Mega corps can have the potential to hurt us on a much larger scale. For example, many people think the food companies are directly responsible for our poor nutritional health. Before prepackaged foods, Americans were much smaller. They could also be using additives that are harming us and they have the clout to hide that information, just like big phama. Without (real) choice, which is the main concern of this thread, the control aspect is much greater. And, it's clear the government is in bed with them.
However, many of these giants are starting to make really idiotic decisions, causing them to lose their footholds in their respective areas. I just wonder who the next big one will be to either make ridiculous decisions to plummet their stock OR to fail entirely. I thought it'd be a neat idea to start a list. So, let's make some guesses and also post the biggest losers. The most recent ones:
InBev - Bud Light - down over $5 billion with their new trans can
SVB - gone
Vice - bankruptsy
First Republic Bank - auctioned off to JP Morgan
And no, it's not fair to follow Kramer and vote for the opposite of what he says. LOL! That's cheating....
https://www.homesteadingforum.org/threads/the-threat-of-mega-everything.1017/
The media is a good example with 6 corps owing 90% of the media.....even local media. I know this is true in my area. All the papers and local news stations tell the same 'story' often using the exact same words. We also have banks, health care institutions, medical devices, big pharma, and food. I think I read somewhere that there are only 4 main beef companies that distribute 85% off all beef to consumers. The other food companies are also very few, even though it seems like there are many brands, like we've seen recently with beer companies like InBev. Other places where I have little choice in my area include internet providers, cell phone providers, garbage disposal services, etc. Those choices have gotten even less in the post Covid era since workers don't seem to want to go back to work.
I've always wondered why new companies on Shark Tank don't have their products on shelves. Sure, there are some, but many of those companies either get squashed by the big ones or get bought up by them. Those big corps don't want competition. However, they will suck up the technology or ideas and use it to their advantage sometimes via licensing deals, while the original owners continualy lose control of their own company. I think that is dangerous b/c these Mega corps can have the potential to hurt us on a much larger scale. For example, many people think the food companies are directly responsible for our poor nutritional health. Before prepackaged foods, Americans were much smaller. They could also be using additives that are harming us and they have the clout to hide that information, just like big phama. Without (real) choice, which is the main concern of this thread, the control aspect is much greater. And, it's clear the government is in bed with them.
However, many of these giants are starting to make really idiotic decisions, causing them to lose their footholds in their respective areas. I just wonder who the next big one will be to either make ridiculous decisions to plummet their stock OR to fail entirely. I thought it'd be a neat idea to start a list. So, let's make some guesses and also post the biggest losers. The most recent ones:
InBev - Bud Light - down over $5 billion with their new trans can
SVB - gone
Vice - bankruptsy
First Republic Bank - auctioned off to JP Morgan
And no, it's not fair to follow Kramer and vote for the opposite of what he says. LOL! That's cheating....
.
