Just in time for #Davos, here's 'Taken, not earned: How monopolists drive the world’s power and wealth divide," a report from a coalition of international tax justice and anti-corporate activist groups:
If you'd like an essay-formatted version of this thread to read or share, here's a link to it on pluralistic.net, my surveillance-free, ad-free, tracker-free blog:
Consider a good that costs $10 to make: the bottom 50% of companies (by size) would charge $12.50 for that product on average. The largest companies would charge $15. Thus monopolies don't just make their owners richer - they make everyone else poorer, too.
This power to set prices is behind the #greedflation (or, more politely, #SellersInflation). The CEOs of the largest companies in the world keep getting on investor calls and bragging about this: