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There are many such markets -- real estate, construction, financial services (banking, mortgages, credit cards, etc), agriculture, retail (no, walmart is not a
by e63f67dd-065b 3y ago
There are many such markets -- real estate, construction, financial services (banking, mortgages, credit cards, etc), agriculture, retail (no, walmart is not a monopoly), oil, automotive, air travel, I can name many more.
The only big national industries that are dominated by monopolies I would say are telecommunications, utilities, silicon, pharmaceuticals, rail, and even most of these have a few more companies than two. Granted, 3 telecoms is not much of an improvement over 2, but nevertheless your claim is broadly speaking false.
Are there private equity firms trying to consolidate? Sure, but in any of the above they haven't really met with much success.
- TheRealDunkirk 3y agoIt's funny that your first example is real estate, when I've read many stories this past year about how private equity is buying up lots of residential homes, and driving the prices even higher than what inflation accounts for. It was a huge story recently that Zillow was trying to buy (and flip) homes, based on their pricing algorithm. Thankfully, they failed miserably.