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    News — monopolies

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    How to Stop Monopolies

    article  by Jim Hightower
    "How do you fight monopoly? Start where you live–and here’s some help! The Institute for Local Self-Reliance has a guide full of examples of successful local and state anti-monopoly efforts that could be models for your own town. ilsr.org

    What’s at stake? For one thing, your money. The American Economic Liberties Project tells us that, in combination with lower wages, corporate consolidation costs the average US household $5,000/year. Meanwhile, monopoly-fueled product price “markups” have tripled to 61% since 1980. economicliberties.us

    How do we battle monopoly lobbyists? With advocates for the rest of us! One of our favorites is Public Citizen  (Hightower is on the board). Webinars by the Open Markets Institute and the American Antitrust Institute offer deep dives into monopolies’ dangers."

    Since the 1980s, the corporate establishment has aggressively pushed presidents, legislators, governors, and regulators to champion the efficiencies of deregulated markets. But that “efficiency” is a euphemism for raw power, and the de-reg frenzy its promoters unleashed almost immediately detonated an explosion of mergers … then mega-mergers, and now … Hello, Monopoly!"

    Just a few health insurance, drug store, grain, beer, chicken, hog, gasoline, beer and breakfast cereal companies control most of the market for their products.

    $1.77 trillion was spent on mergers and takeovers in the first 4 months of 2021. 

    Pay Day Lenders Get Go Ahead to Drive People into Poverty

    article  We need limits on the interest rates for loans.  States used to have such rules banning interest rates above some low percentage such as 20%. the deregulation  of banking and the take-over of local state regulations allowed Big Banks to come in and take over the local banks and to remove state regs.

    Greedy Profiteers Lie to Stop Medicare for All

    Greedy Profiteers Lie to Stop Medicare for All

    A coalition of insurance companies, doctors' and hospitals' industry groups, and pharmaceutical giants are lying and putting out lots of fake "facts"  ads, and pr to stop the growing clamor for Medicare for All.

    "This is the front group for the insurance and drug industries. They are desperate to protect their profits, so they are going to lie to Americans. This is what we're up against. Here’s the truth: Medicare for All would save Americans money."