Washington: The citizens of the United States of America (USA) is facing a new problem, increasing inequality. The reason for this trend is due to the fact that America has gone from an open market to an economy which is dominated by a few powerful companies.
As per NowThisNews report, 90% of the American demand for beer is fulfilled by two corporations, air traffic is dominated by four airlines, more than half of America’s banking assets are controlled by five banks.
Due to the concentration of wealth, competition is dying in the USA and citizens are left with a fewer choice for critical decisions.
In the USA, the merger is also limiting the choice of consumers. Big companies are going for merger under the pretext of reducing the cost of the product.
There is a need for vigorous antitrust enforcement and it will be a key issue for 2020 elections in the USA.