America's Concentration Crisis

An Open Markets Institute Report

Coffin & Casket Manufacturing
Meat Processing
Pharmacies and Drug Stores
Cigarette & Tobacco Manufacturing
Dry Cat Food
Corn Seed
IV Solution
Pet and Pet Supplies Stores
Craft Stores
Diaper Manufacturing
Mobile Home Manufacturing
Candy
Home Improvement Stores
Mayonnaise
Electronic Medical Records Systems
E-Commerce
Contact Lens Manufacturing
Cell Phone Providers
Mattress Manufacturing
Pacemaker Manufacturing
Search Engines
Syringe Manufacturing
Adult Websites
Baby Formula
Domestic Airlines
Smartphone Operating Systems
Beer
Jelly
Peanut Butter
Car Rental
Social Networking Sites
Washer & Dryer Manufacturing

Monopoly power is all around us: as consumers, business owners, employees, entrepreneurs, and citizens. When we purchase everything from washing machines to groceries, website domains to medical supplies, and even when we select a coffin for a recently deceased loved one, we are constrained by the small set of actors who increasingly control America’s commerce.

Due to extreme concentrations of wealth and political power, our country is experiencing severe economic inequality, stagnant household income, the collapse of business formation and innovation, and historic levels of political polarization. This report shows that such concentration is not unique to one or two economic sectors. It is persistent across a diverse range of industries. And it is often even more extreme in a regional, rather than national, context.

As the charts also illustrate, monopolistic corporations often present themselves as champions of consumer choice. But while it may appear as though there are endless brands to choose from online and on the shelf, most are owned by a few large parent companies, the array of labels a mere façade creating the illusion of abundant options.

Locating data on how few companies control individual markets, though, has long been difficult, and not by accident. Although Americans used anti-monopoly policies throughout much of the 20th century to preserve competition, a shift in ideology in the late 1970s allowed increased monopolization across the economy. To shield this pro-corporate turn from the public, the Federal Trade Commission halted the collection and publication of industry concentration data in 1981.

To remedy this gap in public knowledge, Open Markets purchased extensive, up-to-date industry intelligence from IBISWorld, a team of analysts who collect economic and market data, with the intention of releasing the information regarding industry concentration to the public. Our hope is that these startling numbers will accelerate action to re-establish the choice, competition, and liberty upon which our democracy depends.