| >which should also be counted as income of the retailing sector This makes no sense. If I own an asset worth X and sell it for X, I made zero profit. Paying shareholders to buy them out is not all profit, it's trading one asset for another. Next, these deals are rarely simply cash giveaways, but include all sorts of other asset trades (stock in new company, payment over time... etc), also not being simply magic pure profit. Next, they're not simply taken out of one year's profits, but are generally financed by taking on more debt, so this is not some way to hide or reduce profits. >we now have an economy in which many so-called industries have a single-winner or have a race to become the single-winner now in progress. This is simply untrue. Pretty much every industry has lots of players. And there's constant churn. There's nearly zero product categories I cannot shop between many sellers. The larges US banks have under 20% share, and there's literally thousands of banks. The largest US grocery by dollar share include: Walmart 18%, Kroger 8.8%, Costco 6.4%, Albertson 6.4%, Delhaize 4.3%, Publix 3.7, Sams Club 3.6, Target 2.4, and literally hundreds more. The same pattern of the largest company follows in pretty much every industry. So pick some industries where you think there's a single winner that make up a decent amount of consumer sales and list them. I don't think you'll find any. |