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The power of dominant capital continues to rise — Jonathan Nitzan and Shimshon Bichler

Summary:
Here we show the after-tax profit and market capitalization of the top 0.01% of U.S.-based corporations, expressed as a % of U.S. GDP....Nitzan and Bichler view "capitalism" (monetary production economy with private property) as the ongoing struggle for power between capital and labor. Concentrated capital (monopoly and oligopoly power) is winning hands down in this round.Real-World Economics Review BlogThe power of dominant capital continues to riseJonathan Nitzan and Shimshon BichlerSee alsoEconomics from the Top DownWith Great Power Comes Great FearBlair FixRelatedThe InterceptThe Great American Science HeistAlexander Zaitchik

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Here we show the after-tax profit and market capitalization of the top 0.01% of U.S.-based corporations, expressed as a % of U.S. GDP....
Nitzan and Bichler view "capitalism" (monetary production economy with private property) as the ongoing struggle for power between capital and labor. Concentrated capital (monopoly and oligopoly power) is winning hands down in this round.

Real-World Economics Review Blog
The power of dominant capital continues to rise
Jonathan Nitzan and Shimshon Bichler

See also

Economics from the Top Down
Blair Fix

Related

The Intercept
The Great American Science Heist
Alexander Zaitchik
Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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