Friday, August 30, 2013 3:01 PM
Wall Mart + Home Depot
Smithfield + Tyson
Conglomerate ownership=Bad News for Job
5 control 48% of deposits—10%=80%
doubled control since 2000
Insurance companies have monopoly power
Food, inc. dominates food processing
Toothpaste—Colgate-Palmolive and Procter & Gamble
70% of the market
Anheuser-Busch-Inbev and Miller Coors—80% all beers
Dean Brands controls Pet Dairy, Mayfield and Horizon
70% of milk produced in New England
Dean accused of collaborating with Dairy Farmers Of America
a giant company that buys milk from independent farmers and provides it to Dean for processing and distribution, to drive down the price farmers are paid while inflating it's own profits
Almost 80% of all the corn in America and 95% of soybean seeds contained patented genes produced by only Monsanto/
fFve of the top six independent brands including those marketed by Colgate-Palmolive, Mars and Procter and Gambled relied on a single contract manufacturer-Menu Foods as did seventeen of the top twenty food retailers that sell “private-label” wet pet foods.
The Menu Foods covers products that had been retailed under 150 different brands.
A dozen car makers sell hundreds of different models. Two thirds of the iron ore in all is most likely produced by three firms which are trying to merge.
Toyota came out strongly in the General Motors bailout as it knew if that giant failed it would knock man of their materials suppliers.
Macy and Bloomingdales are units of a Holding company, Federated.
Federated has bought up Marshall Fields, Hechts, Broadway and Bon Marche'
Today, that Holding company controls roughly 800 outlets all over America.
A recent study of mergers, found that in four out of five cases. The merged firms increased prices on products ranging from Quaker State Motor Oil to Chex brand cereals.
In January 2009, Pfizer the world's largest drug company, paid $68 Billion to buy Wyeth.
They announced they planned to buy Schering -Plough
In the years after 1981, America's biggest mergers took place when Reagan all but abandoned Antitrust enforcement
Many firms adopted a winner-take-all approach.
Prior to 1981, for example, General Electric invested heavily in R&D seeking to compete in as many markets as possible. After 1981, it pulled back.
No need to innovate let others do it then buy them. Cisco gobbled up more than 100 companies.
Intel has leveraged its 90% share of the computer microchip market to impede it's only real rival, Advanced...