this post was submitted on 10 Jul 2024
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United States | News & Politics

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The degree of concentration of US monopoly capital is unprecedented. (lemmy.ml)
submitted 1 month ago by [email protected] to c/[email protected]
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source https://www.cambridge.org/core/journals/business-and-politics/article/hidden-power-of-the-big-three-passive-index-funds-reconcentration-of-corporate-ownership-and-new-financial-risk/30AD689509AAD62F5B677E916C28C4B6

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[–] [email protected] 1 points 1 month ago* (last edited 1 month ago) (4 children)

Is… is this what free markets look like?

Or, wait, is this what happens when there's too much regulation and if we regulated corporations even less they wouldn't do this?

Edit: I had hoped it was obvious I'm being sarcastic

[–] [email protected] 2 points 1 month ago

The capitalist class controls the government, so no.

BBC: [Princeton & Northwestern] Study: US is an oligarchy, not a democracy

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