RF Cafe visitor sent me a link to an article showing how most of what
we buy at a grocery store is under the auspices of a mere 16 conglomerates.
It is amazing - and scary - just how much corporate consolidation has
occurred in the last couple decades. News reports mention all the bankruptcies,
buyouts, and mergers throughout each year, but unless you are paying
attention to such matters, it is easy to not notice what is happening.
Did you know, for instance, that Pepsico owns and therefore controls
among other companies Kentucky Fried Chicken (KFC) and Pizza Hut, Aunt
Jemima and Cap'n Crunch, Doritos and Ruffles, Dole and even - believe
it or not - Pepsi. Proctor & Gamble (P&G) owns Mr. Clean and
Bounty, Tide and Ivory, Cover Girl and Olay, Charmin and Old Spice.
Kraft controls Ritz and Planters, Jell-O and Cool Whip, Dr. Pepper and
Sunkist, Certs and Chiclets, Oscar Meyer and
Maid. The list goes on and on (click on top thumbnail). While you are
consuming said groceries and personal items you might be watching TV,
watching a movie, or listening to the radio. It might interest you to
click on the bottom thumbnail to find out which of the shows you consume
are owned by either GE, News Corp, Disney, Viacom, Time Warner, and
CBS. According to the article at
Mish's Global Economic Analysis, "The nation's 10 largest financial
institutions hold 54% of our total financial assets; in 1990, they held
20%. As MotherJones reports, the number of banks has dropped
from more than 12,500 to about 8,000."
Posted November 4, 2013