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Money and Finances
Reply to "Does anyone else believe the impending financial crash will be bigger than 2008-2009?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Glasses: One company controls roughly 30% of the global eyewear market, owns numerous brands (Ray-Ban, Oakley, and more), optical stores (LensCrafters, Sunglass Hut), and insurance partnerships. Some estimates suggest control near 80% of major eyewear brands. Anthem Health: In many U.S. states, Anthem holds over 50% market share in commercial health insurance—crossing into monopolistic territory in certain regions. Just three companies—CVS Caremark, Cigna’s Express Scripts, and UnitedHealth’s OptumRx—control ~80% of the prescription drug middleman market. Hospital mergers have left many U.S. regions with just 1–2 dominant hospital systems. Research shows this raises prices by 20–40% for patients. Meatpacking (Beef, Pork, Poultry): Four companies—Tyson Foods, JBS, Cargill, and National Beef—control 80–85% of beef processing in the U.S. Similar concentration exists in pork and chicken. This impacts grocery prices, farmer contracts, and food supply stability. Seeds & Agrochemicals: The “Big Four” (Bayer/Monsanto, Corteva, Syngenta/ChemChina, BASF) control over 60% of the global seed market and ~70% of agricultural chemicals. Farmers often have little choice but to buy from them. Grain Trading (ABCD firms): ADM, Bunge, Cargill, Louis Dreyfus dominate global grain trading. They control supply chains that affect bread, cereals, and animal feed prices worldwide. Waste collection: Two giant companies control 50–60% of U.S. garbage collection and disposal. Groceries: In many U.S. metro areas, Kroger and Albertsons (pending merger) could control over 70% of grocery sales. Walmart already captures ~25% of all grocery spending nationwide. Banks: The “Big Four” (JPMorgan Chase, Bank of America, Wells Fargo, Citigroup) control nearly 40% of U.S. deposits. Hedge funds and large chains (like Gannett and Alden Global Capital) now own the majority of U.S. newspapers. Entire states have only one or two daily papers left.[/quote] Thank you PP for sharing this. And these corporations are more powerful than the government. We all now in America $$$$ gets you what you want. These monopolies have the means to challenge any disruption to their market share at any level (judicial, legislative, executive).[/quote] By definition, none of these are monopolies. Not a one. Look at Groceries. Walmart is crushing the trad stores. Target is also making a strong push as is Sam's and Costco. Specialty grocers including high end are robust now and building. There is more market pressure now on the big chains that at any point. Also because of their relationships with suppliers they have limited or almost no ability to dictate prices. This is an open industry. As is banking. All of those banks are under tons of pressure from upstarts, PE funds, alternative lenders, and even credit unions for the little guys. Your story does not make sense.[/quote]
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