>>> jmage at panix.com 02/09/01 11:49PM >>>
Doug Henwood wrote:
> Nor is
> there any compelling evidence of a trend towards monopoly. A study of
> 20 industrial sectors published last summer in the Harvard Business
> Review found increased concentration of market share in only one,
> semiconductors.
Did they include commercial banking?...investment banking?...tv/cable/movie studios and distribution/record companies/commercial book and magazine publishing ("media")? Or by industrial did they mean "manufacturing"? And just how much more concentrated could aircraft, tires, petroleum refining, soap and other detergents, etc. get?
(((((((((((
CB: Doubt they found a trend toward free competition either, deconcentration of market share. The characterization of today's structure as monopoly does not mean that there must be a continual process of concentration of wealth every year.
Lenin was noting a trend from the mid 1800's to the early twentieth century. The Leninist claim is not that there is continual movement toward one company owning the whole world, rather the very existence of a Fortune 500 out of millions of companies is a monopoly structure. Perhaps the world "oligopoly" would help.