Concentration in our economy isn’t obvious at first, but it’s everywhere. Take eyeglasses. LensCrafters, Sunglass Hut, Pearl Vision, Sears Optical, Target Optical, Glasses.com and brands like Ray-Ban and Oakley are all actually owned by one company. Or take baby food - one company sells 73% of it. Or pet food - one company sells 47% of it. By the way, it’s the same company, Nestle. The meat industry is now even more concentrated than when Upton Sinclair wrote “The Jungle.”
Economic concentration impacts you in 4 ways:
1) Corruption: Economic power creates political power. Think about our fossil fuel industry and the Koch Brothers.
2) Higher Costs: Look at your cable bill. You pay more when companies have no competition.
3) Lower Wages: You get paid less when there is only one employer. Take the slaughtering industry in Iowa. Tyson’s now slaughters nearly half the hogs in the state. Those used to be good union jobs that created a strong middle class but now Tyson’s has all of the power.
4) Less Respect: Workers are just not respected and valued like they used to be. Look at what happened in Creston. A candy company closed a factory there and fired over 250 employees 10 days before Christmas.
I want to share with you one of my favorite Upton Sinclair quotes. It describes David Young perfectly. “It is difficult to get a man to understand something when his salary depends upon his not understanding it.”
David Young may seem nice, but he’s corrupt and he’s not looking out for Iowans. His average donation is $1,638. Mine is $63. Do you think he’s going to address climate change when he took $1,500 from Exxon Mobil last April? Do you think he’s going to be for raising the minimum wage when he took over $7,500 from Wal-Mart last year? Do you think he’s going to stand up for family farms when he took $5,000 from Monsanto last September? We all know the answer. No.
This corporate concentration message is how we defeat David Young, and more importantly, how we defeat Donald Trump.