Economic Update: Competition & Monopoly In Capitalism
[S9 E46] Competition & Monopoly In Capitalism
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Capitalism's growing problems (inequalities, instabilities, unsustainability etc.) lead some defenders to argue that the cause is monopoly displacing competition in many industries. We disagree: capitalism's history is oscillations between competition and monopoly, each causing the other. Capitalism is the problem, not its oscillating forms.
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Prof. Wolff's latest book "Understanding Socialism"
http://www.lulu.com/spotlight/democra...
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