This is what Lenin said about financial capitalism and monopoly. Every boom-bust cycle, endemic to capitalism, results in further consolidation. The free market / small producer capitalism that everyone says they like died around the 1880s-1890s when large firms began to dominate. Everything said in favor of that form since then has been essentially nostalgia for a lost time that wasn't even that good to begin with.
If the trust busters don't come back, we will see essentially a kind of feudalist economy develop around a few extraordinarily powerful companies as every ladder is pulled up behind them and smaller institutions are "creatively destroyed".
If the trust busters don't come back, we will see essentially a kind of feudalist economy develop around a few extraordinarily powerful companies as every ladder is pulled up behind them and smaller institutions are "creatively destroyed".
https://en.wikipedia.org/wiki/Imperialism,_the_Highest_Stage...