Question: in the game of Monopoly, how many railroad properties are there?
There are four.
How did it get so concentrated? A thing called precision scheduled railroading (PSR). Wall Street took notice of railroads' wealth potential and implemented PSR.
To show an example of PSR, in 2000, Union Pacific employed 50,000 people and generated $11.8 billion. Today, Union Pacific, employs almost 18,000 less people, but manages to earn 85% more in revenue each year.
Checkout this quote:
That quote isn’t from a union leader. It’s from the President of the American Chemistry Council - a trade group for Exxon, Dupont, and Honeywell…
Basically, the railroad industry has a huge monopoly problem. That means two groups get screwed the most, workers and consumers.
Workers. You might have heard that there was almost a railroad strike involving 125,000 workers.
It’s estimated that if there is a railroad strike, it would cost the economy around $2 billion a day.
So why would the workers strike? Maybe because the railroad industry made $20 billion in profits last year, but these monopolies are willing to derail our supply chain to deny workers paid sick leave.
So instead of investing in their workers or industry resilience, the railroad paid their Wall Street investors and passed the buck onto you, the American consumer!
YOU’RE PROBABLY (ALSO) GETTING SCREWED BY:
MEMBERS OF CONGRESS
According to the NY Times, nearly 1 in 5 Members of Congress have traded stocks that involve a potential conflict of interest. That totals up to about $746 million. Worse yet, they’re not just getting rich, their portfolios often determine what is law!
LACK OF ANTITRUST ENFORCEMENT
U.S. incomes fail to grow for a 2nd straight year and research suggests corporate concentration costs incomes more than $10,000 a year…
CORPORATE GREED
"Profits appeared to be salvaged by pricing power that remained unusually strong for this point in the cycle." AKA corporations are using “inflation” to make consumers pay more.
THE “HAVES”
In yet another example of the “haves” taking from the “have nots” in this country, texts reveal Brett Favre and Phil Bryant former Mississippi governor's roles in alleged welfare scandal.
HEALTHCARE IN AMERICA
CVS Health announced recently that it was buying Signify Health for $8 billion. This means a patient could get a patient, as Jake Zuckerman posted, could get a prescription from a doctor, fill it at a pharmacy, and have the transaction administered by a PBM, and all the while be working with the same corporation. TLDR your medical costs aren’t going to shrink…
***If you have a healthcare story or see a healthcare story posted on social media that needs more attention, please comment below and we will reach out.
BEFORE YOU GO
Before you go, I need two things from you: 1) if you like something, please share it on social media or the next time you have coffee with a friend. 2) Ideas, if you have any ideas for future newsletter content please comment below. Thank you.
Standing Tall for All,
J.D. Scholten
Top notch, look forward to more of these. Please keep sending.
Eric Fralick eric@opencom.net