me: >> Each corporation wants to out-WalMart WalMart... Sabri -- > Out-Walmarting Walmart is not what each corporation wants. What they > appear to want is no Walmarts but them.
they do that by trying out-Walmartihng Walmart. > Was it not what monopoly > capitalism of Baran and Sweezy was about? Were those two guys stupid > because they claimed that? I think Marx was better: he saw competition as generating monopoly -- and vice-versa. Baran & Sweezy were quite smart, but their picture of capitalism, like that of John Kenneth Galbraith, applied well only from the mid-1950s (when Baran's POLITICAL ECONOMY OF GROWTH was published) until the late 1960s (after MONOPOLY CAPITAL was published). They had a static picture of capitalism, but capitalism keeps on changing. > If there is monopoly, or even oligopoly, in a market, what you get are rents! > > In the presence of non-oligopolistic competition, profits go to zero! "normal" profits (the simple reward for owning capital in a capitalist society) don't go to zero. -- Jim Devine / "Segui il tuo corso, e lascia dir le genti." (Go your own way and let people talk.) -- Karl, paraphrasing Dante. _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
