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The CCC

At 03:15 PM 4/6/00 -0700, you wrote: 
The airlines are highly concentrated.  Deregulation caused a temporary dip
in concentration which has now been overcome.  They fix prices
oligopolistically.


right, but they show in miniature what I'm talking about. Initially, there
was a surge in competition (People's Express, etc., as the CAB was broken
up). Then, the concentration & centralization of capital (the CCC)
reasserted itself. Of course, in the process, labor was weakened severely.

For most of the rest of the economy, especially manufacturing, the new era
of oligopoly hasn't hit yet.

Jim Devine jdevine@xxxxxxx &  http://liberalarts.lmu.edu/~jdevine


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