I have always said that the world is being controlled by a few people who just offer what we need as well as utilize all our data to ensure that we aren’t going out of their puppet watch anytime soon. Every aspect of our day to day lives around the world is being handled by at least 4 to 5 corporations who wield the power to affect what we want and determine how we see things. Will I call them monopolies of sectors? Not really. Monopoly is when one person, body or entity, holds or wield the single power to a market solely thereby not allowing equal or fair grounds for competition but in this case, in several sectors around the world, there are a minimum of 4 to 5 corporations who stand as oligopolies in sectors from food, restaurants and fast foods, medicine and pharmaceuticals, Media, Automobiles, Energy and so on.
Let’s start from the media since it is one thing that a lot of people can’t do without. In Media, five corporations hold majority of the companies, these corporations are Comcast, Disney, National Amusement, News Corp, and AT&T. You then ask, what do you mean, they are just one company. Let me help you understand what this five companies own. Comcast owns Xfinity, Telemundo, NBC, TeleXitos, Cozi TV, MSNC, CNBC, USA Network, Syfy, NBCSN, Universal pictures, Dreamworks Animation, Illumination, Universal Animation Studios, as well as the Sky groups to mention a few. Disney owns National Geographic Partners, Pixar, Marvel Studio, Lucasfilm, 20th century studios, Walt Disney Pictures, Search light pictures, Blue Sky studios to mention a few. National Amusement owns Paramount Pictures, Simon & Schuster, Vidcom, Rainbow S.r.l, CBS entertainment, MTV, Nickelodeon, BET, Comedy central, Showtime, Pluto TV to mention a few. News Corp owns Fox corporation which includes 21st century fox, Fox Entertainment, Tubi, Credible Labs etc.
In the food industry, there are about 10 companies handling the entire food supply chain of the world, this companies includes, Coca-Cola, Kellogg’s, Associated British Foods, Mondelez international, Mars, Danone, Unilever, Pepsico, General Mills, and Nestle. This companies owns a lot of subsidiary companies which are all in the food industry.
All this said, are we going to say their method of business is partial monopoly or full time monopoly. Are these companies ever going to face anti-trust laws or are they not too large to be splitted.