Jim D.: this is one thing that happens when the government doesn't regulate markets: elements of the private sector try to set themselves up to replace the state, using coercive means. It's part of the centralization of capital.
^^^ CB: After the relatively "free" market banking, the centralization, monopolization or oligopolization , concentration- of- wealth process ( as predicted by Marx) reaches a point where it might be dubbed "monopoly capitalism" ( relative to the "free market" period). One capital kills a dozen others. Then the monopolies seize greater influence on the state, and it becomes state-monopoly capitalism. This message has been scanned for malware by SurfControl plc. www.surfcontrol.com _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
