Capitalism appears to have worked optimally around the 1960 to 1990 time interval. After 1990 a consolidation process became more and more obvious and it has a

Capitalism appears to have worked optimally around the 1960 to 1990 time interval. After 1990 a consolidation process became more and more obvious and it has accelerated greatly after 2000. The long sequence of mergers and acquisitions has resulted in the fact that most markets have become dominated by quasi-monopolies, which some times resemble more the monopolies that existed in the industries of the countries dominated by communists than the multitude of competing companies that existed in USA or in Western Europe a half of century ago.