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

by Bruce Lerro / Capitalist News Interpreted / 11 Jan 2018

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.
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About The Author

Bruce

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 four 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 and Lucifer's Labyrinth: Individualism, Hyper-Abstract Thinking and the Process of Becoming Civilized He is also a representational artist specializing in pen-and-ink drawings. Bruce is a libertarian communist and lives in Olympia WA.

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