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View Diary: Anti-Capitalist Meetup: Sustainability, capitalism, and the tendency to oligopoly (43 comments)

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  •  perhaps explain what is meant by horizontal (2+ / 0-)
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    annieli, don mikulecky

    and vertical concentration, that is an important point and I think that Don will appreciate it.

    "Hegel noticed somewhere that all great world history facts and people so to speak twice occur. He forgot to add: the one time as tragedy, the other time as farce" Karl Marx, The Eighteenth Brumaire of Louis Bonaparte .

    by NY brit expat on Sun Feb 17, 2013 at 12:20:01 PM PST

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    •  probably synonymous with oligopsony although (2+ / 0-)
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      don mikulecky, NY brit expat

      monopsony is the purer example (Western Electric and ATT) this is similar to media companies owning forests to produce paper for their newspapers but also horizontally creating company towns dependent on their ownership of the means of production

      Vertically integrated companies in a supply chain are united through a common owner. Usually each member of the supply chain produces a different product or (market-specific) service, and the products combine to satisfy a common need. It is contrasted with horizontal integration. Vertical integration has also described management styles that bring large portions of the supply chain not only under a common ownership, but also into one corporation (as in the 1920s when the Ford River Rouge Complex began making much of its own steel rather than buy it from suppliers).
    •  yes....those are strange words to me... (2+ / 0-)
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      annieli, NY brit expat

      but I think I can intuit their implication

      An idea is not responsible for who happens to be carrying it at the moment. It stands or falls on its own merits.

      by don mikulecky on Sun Feb 17, 2013 at 12:33:04 PM PST

      [ Parent ]

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