THE ECONOMY: Weakening Giants

If the wealth of the large corporations and that of all corporations should continue to increase for the next twenty years at its average annual . . . 1909 to 1929 rate, 79% of all corporate activity would be carried on by 200 corporations by 1950.

Thus in 1936, wrote Adolf A. Berle Jr. and Gardiner C. Means in their classic study, The Modern Corporation and Private Property. Many an economist has suspected since that World War II has increased the weight of the 200 biggest manufacturing corporations on the U.S. economy....

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