Prices have risen and remained high — especially in critical sec

Avalon - Prices have risen and remained high — especially in critical sectors such as energy, drugs, and food — largely because giant corporations have been raising their prices to increase their profits. They can do this because they face such little competition.Sky-high airfares and lousy service? That’s largely because airlines have merged from 12 carriers in 1980 to only four today. Concerned about drug prices? Between 1995 and 2015, 60 leading pharmaceutical companies merged to only 10. Food costs? Four large companies now control 85% beef processing, 70% of the pork market, 54% of Poultry.