Concentration of Capital in 2017: Where’s The Competition?

Rupert Murdoch sells 21st Century Fox to Disney. Amazon is getting into the pharmacy industry and Netflix into sports. What are the reasons for this frenzy of mergers? What does this have to do with finance capital? In this interview political economist Michael Hudson answers these questions and more. None of it has anything to do with the capitalist claims that “fierce competition” between capitalists leads to a higher standard of living for the working class.
Image from LinkedIn

About Bruce Lerro

Bruce Lerro has taught for 25 years as an adjunct college professor of psychology at Golden Gate University, Dominican University and Diablo Valley College. He has applied a Vygotskian socio-historical perspective to his five books: "From Earth-Spirits to Sky-Gods: the Socio-ecological Origins of Monotheism, Individualism and Hyper-Abstract Reasoning", "Power in Eden: The Emergence of Gender Hierarchies in the Ancient World" (co-authored with Christopher Chase-Dunn), "Social Change: Globalization from the Stone Age to the Present", "Lucifer's Labyrinth: Individualism, Hyper-Abstract Thinking and the Process of Becoming Civilized", and "The Magickal Enchantment of Materialism: Why Marxists Need Neopaganism". He is also a representational artist specializing in pen-and-ink drawings. Bruce is a libertarian communist and lives in Olympia, WA.

View all posts by Bruce Lerro →

Leave a Reply

Your email address will not be published. Required fields are marked *