Haderach C. Kwisatch
"Why are things expensive?
4 companies control 55% to 85% of the meat market.
4 airlines control 80% of air travel.
3 companies control 92% of the soda market.
3 companies control 73% of the cereal market.
Why don't I hear about it?
6 companies control 90% of the news"
🎓 Doc Freemo :jpf: 🇳🇱
This is a gross misrepresentation and compounded generally by misunderstanding of how corporate law works.
What is meant by this is "in most industries there are a small handful of companies that own some shares in a diverse array of other companies"... to say they "control" those companies, even if they owned 100% of it isnt fair either. Shareholders of other companies dont control them, they can vote for board seats, those board seats vote for CEOs, those CEOs have some degree of control. But even then they explicitly can not act in the interest of the controlling company, that would be illegal. They must act as independent entities and in fact **compete** with the parent company.
Shamar
... and wise faries vigilate over them ...
🤣
come on Freemo, do you really believes such fairy tales?
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