Based on analyzing wealth concentration, and how much large firms control over smaller ones. Marx explains why it happens in Capital, but an easy way to think of it is because large firms have more financial power to create large and complex chains of production, lowering costs overall and outcompeting small firms.
Yeah that’s called economies of scale, these are not big in all industries and barriers of entry are also not big in all industries. So your argument is a good argument for why we have antitrust laws and why we need some companies and industries to be publicly owned, but this is not the case for every industry.
So what does your analysis of wealth concentration say? Has every capitalist country had increased wealth concentration? What type of wealth has increased in concentration?
Based on what evidence? Where I’m from, which is a capitalist country, inequality hasn’t risen and union membership has stayed strong.
Based on analyzing wealth concentration, and how much large firms control over smaller ones. Marx explains why it happens in Capital, but an easy way to think of it is because large firms have more financial power to create large and complex chains of production, lowering costs overall and outcompeting small firms.
Yeah that’s called economies of scale, these are not big in all industries and barriers of entry are also not big in all industries. So your argument is a good argument for why we have antitrust laws and why we need some companies and industries to be publicly owned, but this is not the case for every industry.
So what does your analysis of wealth concentration say? Has every capitalist country had increased wealth concentration? What type of wealth has increased in concentration?