Chris Burford:

"However, since the beginning of the 20th century at least, there has been 
very little in the way of laissez-faire in the more advanced capitalist 
countries. Late capitalism has been marked by more than anything by the 
intersection of large corporations and the federal government."

^^^
CB: With the interests of the large corporations dominant... This development 
was dubbed "state-monopoly capitalism" in about 1918. That theory is still 
pertinent today.





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