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Your Call: Corporate monopolies and growing economic inequality

| Written by Nick Stumo-Langer | No Comments | Updated on Jun 26, 2017 The content that follows was originally published on the Institute for Local Self-Reliance website at https://ilsr.org/your-call-corporate-monopolies-and-growing-economic-inequality/

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.