My small contribution to raise your level of consciousness as you transition from buying food to buying β¦ more things.
The illusion of choice
Americans think they have a lot of choice - but most of the brands they buy are wholly or partially owned by only a handful of companies. Donβt believe me? Pick an industry and see for yourself:
In retail, 55% of Americans buy from Target and Walmart. At the high-end, Nordstroms, Saks Fifth and Bloomingdales dominate.
Social media? Facebook (which includes Instagram and WhatsApp) holds nearly 70% of the market. The newest entrant to the market, TikTok, arose from outside the United States. Nothing wrong with foreign companies building a business in the U.S., but it is a problem when that happens due to a business climate where domestic competition is impossible.
Some of these companies β¦
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