Someone always playing
Corporation games
Who cares they’re always changing
Corporation names
Starship, 1985, written by Peter Wolf
The song We Built This City was recorded more than 40 years ago and even that far back the growing trend of monopoly control was abundantly evident.
Those who have studied American history (not the version espoused by TACO Bonespurs, but real history) know that it was Teddy Roosevelt who was known as the “trust buster,” but his successor, William Howard Taft was even more aggressive in his use of the Sherman Act, launching more antitrust cases in his four years than Roosevelt did in his seven-plus years.

The Sherman Antitrust Act of 1890 is a federal law banning monopolies, cartels and trusts in order to protect free competition in the marketplace. The act gave the government the authority to halt unfair business combinations that hurt trads but with the growing trend of takeovers, mergers and buy-outs, the original intention of the act appears to have been forgotten completely.
The spate of CORPORATE DEALS that have transpired in recent decades can only mean les competition which in turn, result in fewer choices and higher prices to the consumer.
One of the more alarming trends is the takeover of media by those with an agenda. David Ellison assumed control of Paramount which in turn owned CBS, Showtime and Paramount Pictures (Paramount Skydance had earlier purchased Warner Bros Discovery for $111 billion). The result has been a shakeup of CBS News, including the literal gutting of its showcase, 60 Minutes after Bari Weiss was named Editor-in-Chief. CBS News today is a mere shadow of its former self. Walter Cronkite must be spinning.
Likewise, The Walt Disney Company acquired ABC network way back in 1996. Disney also owns ESPN, Hulu and Disney+. NBC? That network is owned by Comcast through its subsidiary NBCUniversal.
And Disney? Well, Comcast, one of the more active corporations in the buy-out sweepstakes, tried to purchase Disney in 2004 for $66 billion ($112.5 billion in today’s dollars) but the deal tanked after both investor and Disney couldn’t agree on the acquisition.
But Comcast did not meet with failure on all attempts. Here are some of its purchases with purchase amounts at the time and today’s dollars in parenthesis:
- 2001—AT&T Broadband, $72 billion ($130.9 billion);
- 2009—General Electric (NBC Universal), $72 billion ($130.9 billion);
- 2014—Time-Warner Cable ($45.2 billion ($61.5 billion);
- 2018—21st Century Fox, $65 billion ($83.3 billion);
- 2018—Sky pk., $34 billion ($43.6 billion)
Following the acquisitions involving Time, Inc., is a dizzying exercise in itself.
In 1989, Warner Communications purchased Time for $15.2 billion ($39.5 billion in today’s dollars) only to see AOL purchase the newly-named corporation Time-Warner in 2000 for $182 billion ($340.3). But then in 2014 Fox attempted unsuccessfully to purchase Time-Warner for the Blue Light Special price of $80 billion ($108.8 billion) but got stiffed by the Time-Warner Board chose not to engage with Fox honchos.
No matter. That same year, Comcast purchased Time-Warner Cable for $45.2 billion ($81.5 billion. A year later, Charter Communications purchased Time-Warner Cable for $78.7 billion ($105.9 billion). Then in 2016, AT&T acquired Time-Warner for $85.4 billion ($114.6 billion).
It’s almost impossible to follow which corporation controls which corporation. In 1955, for instance, Monsanto bought Lion Oil for a paltry $550 million and in 1999, spent 50 times that much when it acquired Pharmacia & Upjohn for $26.5 billion ($51.2 billion).
But wait. A year earlier, in 1998, American Home Products failed in its attempted purchase of Monsanto for $34.4 billion ($68 billion). But in 2015, another failed attempt. This time Monsanto dropped his hostile bid for Syngenta for $46.5 billion ($63.2 billion) only to have Bayer, more famous for its aspirin, purchase Monsanto tor $54.5 billion ($73.1 billion).
The first recorded merger was in 1874 when Honeybrook Coal purchased Wilkesbarre Col and Iron for a mere pittance of $10,000 ($720 million in today’s dollars—talk about inflation!). Of course, it didn’t take long for the prices to begin escalating. The first six-figure acquisition occurred just five years later, in 1899, when American Spirits Manufacturing purchased Kentucky Distilleries and Warehouse Co. for $125,000 which would equate to $4.8 billion today.
The first seven-figure sale came in 1928 when Consolidated Gas Co. of New York purchased Brooklyn Edison for exactly $1 billion ($18.8 billion today).
It wasn’t until 1989, when Kohlberg Kravis Roberts, an investment firm, purchased RJR Nabisco for $31 billion ($80.5 billion) just four years after R.J. Reynolds had purchased Nabisco Brands for $4.9 billion ($14.7 billion).
But the Great Recession o 2008 appears to have really opened the floodgates. That’s when all those nice Wall Street banks went belly-up because of relaxation of regulations by Ronald Reagan. Here are the bailout amounts by the U.S. Department of the Treasury and the amounts taxpayers had to contributed in 2008 in actual and (today’s) dollars:
- Citigroup, $45 billion ($67.3 billion;
- Bank of America, $45 billion ($67.2 billion);
- JP Morgan Chase, $25 billion ($37 billion);
- Wells Fargo $25, billion ($37 billion);
- AIG, $67 billion ($101.4 billion);
That’s a cool $207 billion ($310 billion), although the government was eventually repaid.
Then there was the General Motors bailout in 2009 which cost American taxpayers $49.5 billion ($74.3 billion). Unlike Ford’s $5.9 billion loan which was repaid, GM did not fully repay that $49.5 billion. Instead, the government converted most of the funds into a 61% stake and ultimately recouped approximately $39 billion.
The late Illinois Sen. Everett Dirkson is famous for once having said, “A billion here and a billion there and pretty soon you’re talking about real money.”
Dirkson didn’t live to see the really real money tossed around like beads in a Mardi Gras parade. Earlier this year xAI was purchased by Elon Musk’s SpaceX for $250 billion (with a combined entity valuation of $1.25 trillion).
Vodafone purchased Mannesmann in 1999 for $183 billion ($353.7 billion) and AOL’s 2000 purchase of Time-Warner for $182 billion ($340.3) rank among the largest acquisitions.
All of which should set off all kinds of alarms as we see more and more of America’s economy being cornered by a few conglomerates to the detriment of smaller, independent businesses struggling against the behemoths to keep the doors open.
Once those smaller enterprises are choked out—and they most assuredly will be—there will no longer be any incentive whatsoever to be competitive or to respond to the concerns of captive clientele.
It’s far past time for the new trust-busters to get busy.











