Keeping tabs on big business
In 1999, with Y2K mania in full buzz, I told a friend about a theory I had: that in 10-15 years (2009-2014), the economic landscape in the U.S. would be dominated by only five to ten huge companies. These megaconglomerates would have their tentacles in just about everything we buy or consume -- food, finance, entertainment, media, you name it. My friend thought I was high. At the time he was probably right. But the buzz has worn off and guess what? These days it's all about the big-box retailers, acquisitions, multinationals, lowered trade barriers, off-shoring, privitization, wildly out-of-control-executive compensation, etc.
I'm not an expert on such things. Not by a long shot. Fortunately, I know someone who is and his blog, Oligopoly Watch, provides a terrific primer on the subject. It covers the moves in several industries, from beer to pharmaceuticals and beyond -- including many non-recreational products. Healthcare, energy, banking, defense ... the site really does help to, as its author intends, "make sense of the business pages in the newspaper." Presumably, that's the online version of the newspaper now owned by one of only three or four publishing giants still standing.
Don't get me wrong. The site doesn't rail against big companies. Indeed it takes a fair, balanced approach to a business strategy that's not inherently evil nor particularly new (although in the era of weakened antitrust legislation it sometimes appears accelerated).
No matter what your perspective, the site provides an eye-opening look at the connections we rarely if ever consider when it comes to everyday purchases. It also helps readers flesh out the bigger picture and see the impact such connections and corporate policies can have on the U.S. and global economy. Highly recommended.
