[lbo-talk] Re: Ok, I Need Some Education

dredmond at efn.org dredmond at efn.org
Wed Mar 3 17:36:24 PST 2004


Quoting John Mage <jmage at panix.com>:


> > So where's the increasing concentration?
>
> Just eyeballing it from a couple of recent world almanacs and one older one:
> Aerospace
> Airlines
> Beverages
[Etc.]

Accumulation isn't the same thing as concentration. Everything I've seen on post-Civil War US trusts suggests they were far bigger as a percent of GDP and in terms of market share than their Information Age counterparts. And what's even more striking is the horizontal division of labor: firms from China, India, Eastern Europe, and Latin America are major players in the world-market. Boeing and Airbus may be the Big Two in aerospace, but they're at the apex of vast networks of decentralized suppliers.

-- DRR



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