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JOURNAL OF MANAGEMENT POLICY AND PRACTICE
Emerging Oligopolies in Global Markets: Was Marx Ahead of His Time?
Author(s): Jerry Kopf, Charles Vehorn, Joel Carnevale
Citation: Jerry Kopf, Charles Vehorn, Joel Carnevale, (2013) "Emerging Oligopolies in Global Markets: Was Marx Ahead of His Time?," Journal of Management Policy and Practice, Vol. 14, Iss. 3, pp. 92 - 99
Article Type: Research paper
Publisher: North American Business Press
Abstract:
The purpose of this paper is to examine the trends toward global industry concentration and discuss the
implications of the lack of effective global regulators for the global economy. The paper reviews Karl
Marx’s conclusion that the inevitable result of capitalism is a monopoly in light of the evolution of
capitalism in the United States from the late 1800’s until the mid-1900s that lead America to enact laws
aimed at increasing competition, regulating monopolies and controlling externalities. The focus then
shifts to a discussion of the implications of the new era of global industry consolidation without a
“global” regulator.
