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Affiliation | Nonpartisan |
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2020-01-01 |
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Name | Ron Burrus |
Address | Pahoa, Hawai'i , United States |
Email | None |
Website | [Link] |
Born |
Unknown
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Contributor | RBH |
Last Modifed | RBH Sep 12, 2020 07:16pm |
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Info | Re-regulation of highly over consolidated industries, banking, media and agriculture. This really started heavily in the 1980s. In 1980, we had about 9,000 companies listed on the New York Stock Exchange, today we have about 2,950 listed on the NYSE. There really is no such thing as anti-trust, these industries are chain monopolies and power and money are heavily over consolidated. We have to have forced government divestitures in these industries. As it is, it is to easy to price fix and the supply chains are very vulnerable. The aggressive mergers and acquisition activity brought high efficiency to the supply chain but now if there is a problem, as the recent pandemic has shown us, the chain gets broken. You no longer have a wide choice of suppliers to reach out to if one or more suppliers fails. We have seen what over consolidation in the media has brought us, fake news and turmoil. In 1982, when President Reagan deregulated the media industry, we had 54 media companies, today, there are only 6 majors ones and they control virtually every broadcast and digital media outlets. This is simply not healthy for the USA, not for any country for that matter. We have to fix it!
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