America's Concentration Crisis

An Open Markets Institute Report

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

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.