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There is plenty of evidence that corporate concentration is on the rise.
Corporate concentration in the food system has sucked the money to be made in the chain up to a handful of companies at the top.
Looking back, Mr. Galambos, the Johns Hopkins historian, sees in that turmoil the beginnings of the corporate concentration that is flowering today -- recreating in different form, and with antitrust to discipline the process, what happened a century ago.
"There is an argument that corporate concentration hurts the American economy, but we need big global players that are really good at what they do," Mr. Galambos said, reflecting the prevailing view among policymakers, business people and many economists.
So corporate concentration forces concentration among banks.In the hope of winning more profitable business, the second-tier banks offer loans to these companies at below their cost of capital.
On the other hand, it is found that corporate concentration positively affects innovation.
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Many studies have analyzed the role of the innovating corporate spatial concentration in particular territories (Cusmano et al. 2009 and Uzunidis 2010).
Major problems, like concentration of corporate power, corporate crime and corporate welfare, health care, continued degradation of inner cities and child poverty, linger on election after election without solution, regardless of which party captures the White House.
The current level of corporate and financial concentration is unprecedented.
Barkai's work is part of a wave of new research on how changes in the corporate sector and concentration are having a significant impact on the labor force, prices across the economy, investment, and productivity.
Their work is part of a wave of new research on how changes in the corporate sector and concentration are having a significant impact on the labor force, prices across the economy, investment, and productivity.
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