The Monopoly Menace

The recent issue (Volume 306, Number 7, March 12, 2018) of The Nation contains an article, “The Monopoly Menace”. It is worth reading. Here is an excerpt:

“Today, a few corporations once again dominate sectors of our economy. In an interview with The Nation’s George Zornick, Senator Elizabeth Warren points out that two companies sell 70 percent of the beer in the country; four companies produce 85 percent of American beef; and four airlines account for 80 percent of domestic seats. With monopolies squeezing out the competition and underpaying workers, profits are funneled to a tiny elite. It’s no coincidence that the three richest American’s – Amazon’s Jeff Bezos, Microsoft’s Bill Gates, and Berkshire Hathaway’s Warren Buffett – are together worth slightly more than the bottom half of the entire US population.”

The first way to fight back is by becoming informed. That’s why I became a subscriber to The Nation last year. Another way is to buy local, craft beer and to buy local food. We do in our household.

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About Michael Swayze

Former county welfare agency administrator, using a combination of social work and computer skills to share information about community resources via the Internet. Online since 1995.
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