It may be that firms use their revenue for acquisitions because net real investment is not anticipated to be sufficiently profitable. That is, monopolization is itself the result what Keynes called a declining marginal efficiency of capital and Marx a falling profit rate
What's driving up the stock market? Monopoly rents. And they are harming the economy. My columnhttps://nyti.ms/2BXVVIc
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Great article. Thanks for writing.
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This was a great piece.
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