When the discipline of economics was born, and I use the term discipline advisedly, the objective was to justify concentration of capital, emphasizing, as many of its practitioners still do, the function of capital in economic growth.
Block et al. (2011) assert that Growing Power shares many of the same principles as peasant-driven food sovereignty movements: 'The focus of residents on the poor retail food choices within their communities, and the issues of lack of control and concentration of capital that those within the food sovereignty movement concentrate on are not that far apart.
Tax breaks that encourage the concentration of capital, such as the carried-interest loophole, which dramatically lowers private-equity partners' bills, should be eliminated.
In an essay for the Times (written in 1984, of all years!), the novelist Thomas Pynchon suggested that Luddites were acting in response to two stimuli: "One was the concentration of capital that each machine represented, and the other was the ability of each machine to put a certain number of humans out of work to be 'worth' that many human souls".
While that cooperation is credited with having fueled the country's rapid economic growth and its transformation from a primarily agrarian economy to a technology giant in the late 20th century, critics say it also led to monopolies and the concentration of capital in the hands of a few economic giants.
Responding to critics of Marx who held that the concentration of capital had not occurred in the way Marx expected, Hilferding's Finance Capital (1910) pointed to the role of banking and finance, arguing that the banks' increasing influence over industry led to monopoly and cartels and through them to economic imperialism and war.
Today, much of that concentration of capital remains.
On the broadband front, we find a significant concentration of capital.
However, there is increasing concentration of capital in well-known firms – a flight to quality phenomenon.
