Happy #MonopolyMonday!
With the Fourth of July right around the corner, we’ll be spotlighting the various monopolies you’ll likely encounter around the holiday. 🇺🇸
From fireworks to beer & hotels for your weekend getaway, these industries are controlled by one or a few corps.
With the Fourth of July right around the corner, we’ll be spotlighting the various monopolies you’ll likely encounter around the holiday. 🇺🇸
From fireworks to beer & hotels for your weekend getaway, these industries are controlled by one or a few corps.
2/ One of the most exciting things that Americans look forward to on the 4th is fireworks. 🧨
What most Americans do not know is that it’s nearly impossible to buy American-made fireworks to celebrate w/ on the 4th.
news-leader.com/story/news/loc…
What most Americans do not know is that it’s nearly impossible to buy American-made fireworks to celebrate w/ on the 4th.
news-leader.com/story/news/loc…
3/ Because there are so few American-made fireworks, 98-99% of fireworks purchased in the U.S. come from China. 🎆
And one businessman controls ~70% of those fireworks, which has allowed him to raise prices & block competitors from entering the market.
washingtonpost.com/graphics/2018/…
And one businessman controls ~70% of those fireworks, which has allowed him to raise prices & block competitors from entering the market.
washingtonpost.com/graphics/2018/…
4/ While you await the fireworks spectacular, it’s likely you’ll kick back w/ a cold beer, seltzer or soda. 🍺🥤
Whatever your drink of choice is, it’s probably owned by one of the beer monopolists (@abinbev & @MolsonCoors) or soft drink monopolists (@CocaCola & @PepsiCo).
Whatever your drink of choice is, it’s probably owned by one of the beer monopolists (@abinbev & @MolsonCoors) or soft drink monopolists (@CocaCola & @PepsiCo).
5/ You might notice higher prices or lower supply of 🍔s & 🌭s for your BBQ on the 4th.
That’s also because of monopolies.
"This lack of processing capacity is…a bottleneck that prevents farmers from growing in response to consumers’ increasing demand."
wisfarmer.com/story/news/202…
That’s also because of monopolies.
"This lack of processing capacity is…a bottleneck that prevents farmers from growing in response to consumers’ increasing demand."
wisfarmer.com/story/news/202…
6/ And if you head out of town for the holiday weekend & stay in a hotel, it’s likely a subsidiary of @Marriott or @WyndhamHotels, which own 30 and 18 hotel brands respectively. 🏨
7/7 Regardless of how you spend your 4th of July, you’ll likely encounter one — or more — monopolies along the way.
Check out our “Illusion of Choice” report to see what other dominant corporations you may come across during the holiday weekend 👇
economicliberties.us/our-work/the-i…
Check out our “Illusion of Choice” report to see what other dominant corporations you may come across during the holiday weekend 👇
economicliberties.us/our-work/the-i…
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