As you know US citizens and corporations own 70% of the banks in the CSA along with 80% of its railroad mileage, 70% of its steel mills, 70% of its airports, 75% of its textile mills, 75% of its tobacco manufacturing, 65% of its timber industry and refines 70% of the oil the CSA produces. In the average year an estimated 5% of GDP is sent north in the form of dividends and interest. Is there any way of preventing the CSA from being so dominated by it northern neighbor?
Probably not, TBH.....But is it really such a bad thing, though?
At least with the Roosevelt Laws originally in the late '40s and '50s finally being adopted by the C.S.A. in the late '70s under Terry Sanford, Confederate workers are doing much better now than they were in the years immediately after WWII.
And, speaking of agriculture, you can thank the North American Small Farmers' and Growers' Association for keeping cannabis legal in the C.S.A. since 1959.....the reason I point this out do you realize just how many small Confederate farmers were saved by hemp growing after the great "Tobacco Blight" wiped out much of the Southern(and did some damage in the Union states of Virginia and Kentucky, too) crop in the '60s? BTW, Before '69, only about a third of tobacco companies in the C.S.A. were even partly owned by Americans; it was thanks to the "Blight" and U.S. botanical research saving the remaining plants, that 75% of production is now in Yankee hands.
But it took the Southern tobacco industry up until the early 1980s to fully recover, and, mainly because of this, hemp & cannabis became the plant of choice for many small farmers(particularly more egalitarian folks who didn't mind cannabis's near universal association with Mexicans, Blacks, and Natives) who had lost their tobacco crops(it also helps explain why 95% of tobacco is now manufactured by big conglomerates), and many of them never looked back.
As for the 70% bank ownership, two major recessions down there, one in 1949 and the other in 1971, are primarily to blame for that. Up until the mid-1970s, Confederate banking regulations were simply atrociously inadequate in many ways, and corruption eventually became so rampant that people who knew what was what couldn't trust ANY big banks anymore. After the Wilson Brothers company had to shut down in December 1970, the C.S. stock market began to crash and thousands of investors, in a panic, withdrew all of their money in a huge rush, exacerbating the effects. Several more big banks followed during the first quarter of 1971 and by April 2nd, the economy was in full-blown recession. The Dixiecrats, whose candidate, Robert Eastland from Tennessee had won the '68 elections, took a major hit from this happening on their watch.....and lost spectacularly to Terry Sanford and his Confederalist Party in 1974. Sanford, thankfully, had the good sense to reverse many of the so-called "Total Free Market"(more like totally free-for-all market, if you ask this Minnesotan) laws signed by Strom Thurmond in '52, which effectively destroyed many of the already somewhat weak protections for workers and consumers in C.S. law; as stated earlier, Sanford signed into law was effectively a rough copy of the "New Deal" legislation suggested by Progressive legislator Frank Roosevelt in 1928, just before the Great Depression(and enacted in various stages by Presidents Taylor(1936-48), Wheeler(1948-52), Wallace(1952-56), and Eisenhower(1956-60).)....despite significant opposition from virtually the entire Conservative Party, and many of the more hardcore right-wing Dixiecrats(like Lester Maddox). The C.S. economy has been slowly rising up to our standards since those bad old days.
Also, I believe you forgot to mention the auto industry; out of the 4 remaining automakers, 3 of them are U.S. owned; Hendrick, Jones-Martin, and Marmon. Only the Barrett survives independently.
OOC: Hendrick is a reference to Chipperback's "Winter of Discontent" TL and is a subsidiary of TTL's General Motors, selling badge engineered Chevys, Buicks, and Oldsmobiles to Confederate consumers; only difference is here, is that Chevy, Buick and Olds had some pretty good performance offerings in the '80s(especially Chevy with the Corvette). Hendrick's best model was the 280-hp Intimidator Turbo from 1983-88, and it had to be discontinued because it didn't meet the new regulations from Atlanta. So basically, it's switched a little.
Marmon was an Indiana-based automaker IOTL, but here, *Howard (named William ITTL) Marmon married a Confederate citizen and moved to Nashville, Tennessee were the company's been based since 1904. ITTL, it's primarily a Bentley analogue.
Jones-Martin is a newer company and a subsidiary of Chrysler; primarily manufactures joint Japanese-North American designs.
Barrett is an independent company that could basically be an amalgam of several smaller OTL American companies; it mainly puts out specialized models.