After decades of consolidation, just four firms now control at least 97 percent of the $68 billion frozen potato market. A new spate of antitrust lawsuits accuses them of brazen price-fixing.
The report highlights how market concentration in key sectors, such as the trading of agriculture commodities, has grown since 2020, deepening the asymmetry between the profits of top multinational enterprises and declining labour share globally.
For-profit hospitals jacking up prices matches a similar story of predatory corporate practices on grocery costs and housing prices. It's not market supply and demand. Corporate giants have figured out how to rip people off more effectively.
“Monopolies not only have economic power, but use that power to buy political power,” she tells The Lever’s David Sirota.
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Dollar General is stealing from their customers. It’s a major scam that’s siphoning hundreds of millions of dollars from the poorest people in America.
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Huge corporations like Trulieve and Amazon are pushing for a cannabis market free from worker protections or anti-trust laws
After years of pretending that Big Tech was good for "consumers," we've not only woken up to how destructive these companies are, but we're also all increasingly in accord about what to do about it. Hot damn!
Mergers temporarily strengthen labor’s bargaining chip. But in the long run, anti-monopoly experts say, corporate power crushes workers and consumers.
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