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

Topics:
Mike Norman considers the following as important:

This could be interesting, too:

Jodi Beggs writes Economists Do It With Models 1970-01-01 00:00:00

Mike Norman writes 24 per cent annual interest on time deposits: St Petersburg Travel Notes, installment three — Gilbert Doctorow

Lars Pålsson Syll writes Daniel Waldenströms rappakalja om ojämlikheten

Merijn T. Knibbe writes ´Fryslan boppe´. An in-depth inspirational analysis of work rewarded with the 2024 Riksbank prize in economic sciences.