oligopoly

Adam Smith discussed the harms caused by monopolies in the frequently, ritualistically cited book, The Wealth of Nations. The progressive politics of the end of the 19th century and into the beginning of the 20th was marked by a deep reaction to the monopolistic practices of large companies then. This --->> read more -->>

Corporate concentration of income and wealth are core features of capitalism. From its earliest chroniclers and cheerleaders like Adam Smith, the drive for corporations to get ever larger and in the doing drive their competitors out of the market was noted and warned against. In the US, the late 19th --->> read more -->>

The New Digital Monopoly Capitalism Capitalism has always been marked by relentless growth, the destruction of smaller businesses by larger, and ultimately the creation of oligopoly and monopoly corporations. From the earliest descriptions of capitalism, even by proponents like Adam Smith, this tendency towards concentration was warned against. In the --->> read more -->>