Location: Granite Falls, North Carolina, United States

I'm an ordained United Methodist minister no longer pastoring churches, a former media producer with skills ten years out of date, a writer trying to sell my first novel, and a sales associate keeping body and soul together working for the People's Republic of Corporate America. I'm married to the most wonderful woman in the world, who was my best friend for 17 years before we married.

Friday, October 24, 2008

TR, Where are you now that we need you?

John McCain said he was a "Teddy Roosevelt Republican." Good, but I want to know something: TR was a trust-buster. Where is McCain's trust-busting?

Specifically, what does McCain (or Obama for that matter) propose to bust up these big trusts? Since the Reagan years unbridled merging has been going on in corporate America. How many oil companies are there now? Not as many as there used to be.

Maytag bought Magic Chef, Jenn-air, and Admiral, then in 1980 it bought Amana. Whirlpool bought Roper and Magic Chef, then in 1985 it bought Maytag. Now under Whirlpool is Admiral, Estate, Roper, Magic Chef, Whirlpool, Maytag, Kitchenaid, and Jenn-air. Where is the competition? The only saving grace is that most of their appliances are now made in the USA.

Meanwhile, Electrolux owns Frigidaire, Tappan, Kelvinator, White-Westinghouse, and Gibson.

This morning I read that there were 50 media companies producing or publishing news. Now there are six.

The question I have is: How do we bust up the trusts, and then how do we keep companies from metastasizing into becoming "too big to [be allowed to] fail"?

Does any candidate anywhere have an answer?


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