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this was predicted by Lenin in Imperialism: The Highest Stage of Capitalism, a good portion of which is dedicated to the unstoppable gradual rise of monopolies
by 0x262d 7y ago
this was predicted by Lenin in Imperialism: The Highest Stage of Capitalism, a good portion of which is dedicated to the unstoppable gradual rise of monopolies and cartels. more people here should read it.
- JohnFen 7y agoOr, for those who are allergic to Lenin, Adam Smith made pretty much the same point in "The Wealth of Nations".
- hilbert42 7y agoWhether a generation takes Smith's or Marx's line, lessons learned will be forgotten within a generation or two and the arguments start over again. Tragically, this is a part of the human condition and it is not just limited to politics and the economy but also applies to many other fields of human endeavour.