Jim Devine wrote:
Monopoly power encourages inflationary persistence, as when inflationInteresting contrast with the
continued in the face of the early 1970s recession (that's just the
clearest case). However, the US economy has become much more competitive
during the last 20 years.
which Charles Brown just posted.Specter of one big company in our future? By Russell Mokhiber and Robert Weissman
My casual impression is that the US economy has and is becoming more concentrated. What's yours?
Banks have merged, electric companies are merging, gas companies have merged with each other and are merging with the electircs. Oil, cars, Pentagon favorites, etc. etc.
There is the cheap stuff from overseas weighing on prices, but domestically? And of course the shake-out in dot.coms is just beginning.
Gene Coyle
