>It's what drives industries towards monopoly today. It's not about having the biggest, most productive steel mill. It's about establishing market dominance so

>It's what drives industries towards monopoly today. It's not about having the biggest, most productive steel mill. It's about establishing market dominance so you don't have to compete on price. Or on wages. Might one call it, perhaps, "the highest stage of capitalism" ;-)? Beyond the joke, I do often find myself thinking that the oligopoly and rentier tendencies described by terms like "neo-feudalism" are pretty much just the things designated by the old Marxist usage of "imperialism". But then the problem is that "imperialism" has been watered down into "everything your local sectarian Marxist group doesn't like."