Your Call: Corporate monopolies and growing economic inequality

Your Call: Corporate monopolies and growing economic inequality

Date: 26 Jun 2017 | posted in: Media Coverage, Retail | 0 Facebooktwitterredditmail

KALW’s Your Call – June 26, 2017

Written by Malihe Razazan & Rose Aguilar

We’ll have a  conversation about the rise of corporate monopolies in light of Amazon’s $13.7 billion bid to buy Whole Foods.

Since the 1980’s, corporate monopolies have dramatically increased. Five banks control about 47 percent of the country’s banking assets; four airlines dominate the skies; and six companies control 90 percent of the US media.

What is a corporate monopoly? And why does it matter that a handful of companies control the majority of our economy?

Guests:

Stacy Mitchell, co-director of the Institute for Local Self-Reliance, and author of Big-Box Swindle: The True Cost of Mega-Retailers and the Fight for America’s Independent Businesses

Rep. Ro Khanna, Congressman representing California’s 17th Congressional District

Web Resources:

Institute for Local Self-Reliance

The Atlantic: The Rise and Fall of the Word ‘Monopoly’ in American Life

The Atlantic: America’s Monopoly Problem

CNBC: Amazon-Whole Foods deal hurts grocery stores in my district, says Silicon Valley congressman

Read the full story here.

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Nick Stumo-Langer
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Nick Stumo-Langer

Nick Stumo-Langer was Communications Manager at ILSR working for all five initiatives. He ran ILSR's Facebook and Twitter profiles and builds relationships with reporters. He is an alumnus of St. Olaf College and animated by the concerns of monopoly power across our economy.