LESS THAN 10 CORPORATIONS OWN ALMOST EVERYTHING YOU BUY Published On March 20, 2014 | By Staff | corporate america, financial commentary, Financial News, investing, money and politics, News by Barry Burch Jr. Those people who think they teach companies a lesson by taking their business elsewhere might want to make sure they are doing their research. There are ten mega corporations who do a great job of creating the illusion of choice. That time you thought you would show Taco Bell by going to KFC or vice versa was arguably in vein. They are both owned by the same mega corporation. Whether the subject is cat food, cleaning products or school supplies, one of the 10 mega corporations control its output. A chart produced by Reddit, which was actually titled “The Illusion of Choice,” illustrates how this works. Sure, we have all heard of the mega corporations before, but seeing how much influence they have on virtually every part of our lives is quite interesting. Yum Brands, which is actually a spin-off of Pepsi, owns KFC and Taco Bell. Their restaurants sell Pepsi products only, because of a special partnership. The biggest advertiser in the U.S. which is worth $84 billion, Proctor & Gamble, partners with a variety of brands that produce a range of items, from antibiotics to designer clothes. Their network grants them the opportunity to serve nearly 5 billion people throughout the planet. The company known mostly for its chocolate, Nestle, is worth $200 billion, and it owns close to 8,000 separate brands worldwide. Then on top of that the company exercises partnerships with a plethora of others. Shampoo company L’Oreal is included in this network as well as the biggest name in baby food, Gerber. The clothing brand Diesel, and pet food makers Purina and Friskies are also in there, as reported by Policy Mic. Unilever, which is most popular for its soap, allegedly serves 2 billion people around the world, and its network controls the output of a wide array of products from Q-tips to Skippy peanut butter. And if you were somehow under the impression that all these companies were controlling was products, you are in for a surprise. The 10 mega companies control the output of information too; actually make that six. When it comes to media, 90 percent of it is owned by six companies, which is a huge drop from the 50 companies that used to in 1983, according to an infographic produced by Frugal Dad in 2012.
Posted on: Thu, 20 Mar 2014 13:28:27 +0000
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