[Marxism] Fwd: Market power again | Michael Roberts Blog

Louis Proyect lnp3 at panix.com
Wed Nov 22 06:28:30 MST 2017

The history of capitalism is one where the concentration and 
centralisation of capital increases, but competition continues to bring 
about the movement of surplus value between capitals (within a national 
economy and globally). The substitution of new products for old ones 
will in the long run reduce or eliminate monopoly advantage.  The 
monopolistic world of GE and the motor manufacturers did not last once 
new technology bred new sectors for capital accumulation.  The world of 
Apple will not last forever.


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