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Consolidation has accelerated over the past couple of years: Nokia buying Alcatel-Lucent, AT&T buying DirecTV, Alaska buying Virgin America, Dow Chemical & DuPont, Charter acquiring Time Warner to create a cable behemoth comparable to Comcast, Intel & Altera, Avago & Broadcom: no sector is spared.

Monopolistic, or at least oligopolistic pricing power has become an essential component of US capitalism.

by Bernard on Wed Apr 6th, 2016 at 04:08:32 PM EST

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