Monopolization threatens America by creating gigantic companies that stifle competition and creativity. That is the scary new mantra from pundits like The New York Times’ David Leonhardt.
Disturbingly the data supports Leonhardt’s frightening thesis that monopolization threatens America. For example, four companies; J.M. Smucker, Supermarket Brand, Nestle, and Mars make 97% of America’s dry cat food. Moreover, Nestle a Swiss company controls 57% of the cat food market, The Verge reports.