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.
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