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Corporate Cartels are Back

A century-plus ago, the U.S. economy was dominated by what were then known as “cartels,” “trusts” or “monopolies.”  According to one source, between 1897 and 1904 over 4,000 companies were consolidated down into 257 corporate firms. Among them were Sta…

A century-plus ago, the U.S. economy was dominated by what were then known as “cartels,” “trusts” or “monopolies.”  According to one source, between 1897 and 1904 over 4,000 companies were consolidated down into 257 corporate firms. Among them were Standard Oil (40 refineries), AT&T (22 units), U.S. Steel (nine steel companies) and J. P. Morgan’s More

The post Corporate Cartels are Back appeared first on CounterPunch.org.


This content originally appeared on CounterPunch.org and was authored by David Rosen.


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