THE ECONOMY: Bigness & Competition

Almost 100 years ago, Karl Marx predicted that the concentration of wealth in the hands of a few individuals and big businesses would speed up the decay of the competitive free-enterprise system. Ever since, many Americans who never read Marx and who believe firmly in the free-enterprise system have feared that the same thing might happen. Last week a man who should know tried to lay that fear to rest. He is Economist A.D.H. Kaplan, who spent seven years studying big business for the Brookings Institution and who published his findings last week in a new book, Big Enterprise...

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