10 Corporations Control Nearly Everything You Buy
PolicyMic has a very interesting chart that shows how 10 Corporations Control Almost Everything You Buy.
The chart was posted on Reddit as illusion of choice. I could not locate the original source.
Ten mega corporations control the output of almost everything you buy; from household products to batteries.
These corporations create the chain of supplies that flow from one another. Each chain begins at one of the 10 super companies.
Here's just one example: Yum Brands owns KFC and Taco Bell. The company was a spin-off of Pepsi. All Yum Brands restaurants sell only Pepsi products because of a lifetime deal with the soda-maker.
$84 billion company Proctor & Gamble owns companies that produce everything from detergent to toothpaste. Unilever produces everything from Dove soap to Klondike bars.
It's not just the products you buy and consume, either. In recent decades, the very news and information that you get has bundled together: 90% of the media is now controlled by just six companies, down from 50 in 1983, according to a Frugal Dad infographic from last year.
It gets even more macro, too: 37 banks have merged to become just four — JPMorgan Chase, Bank of America, Wells Fargo and CitiGroup in a little over two decades, according to this Federal Reserve map.
The nation's 10 largest financial institutions hold 54% of our total financial assets; in 1990, they held 20%. As MotherJones reports, the number of banks has dropped from more than 12,500 to about 8,000.
Everything You Think, Read, or Say
I always try to find a link to the original source, but none of the links to a Frugal Dad article work.
Regardless anything you read, watch, or buy is in the hands of fewer and fewer companies. The same applies to banks.
This is another reason we need an independent news network. One is actually in the works, started by Jeremy Scahill, National Security Correspondent for The Nation magazine, and Glenn Greenwald who broke the NSA spy story.
For details, please see War Against Journalists; "We Hit the Jackpot"
Question of the Day
How long will it be, before everything to think read or say is in the pill you took today?
Link if video does not play: Zager And Evans
A couple of readers said the percentages mentioned above are way overstated. Indeed they are, especially if one takes the words "everything you buy" literally, then produces a grand total by dollar amount.
I took it from the start the infographic did not include cars, boats, houses, jewelry, etc, but rather common junk and foodstuff. I should have made a comment to that effect but didn't.
The same applies to the stats on media giants.
The important point is the idea behind the graphics, even if the percentage estimates stated are on the wild side.