1950s >> 1959 >> no-653-january-1959

50 Years Ago: The Concentration of Capital

“For while on the one hand the concentration of the separate Capitalist concerns into fewer hands is proceeding, on the other hand with the development in the division of labour the mutual dependence of the seemingly independent undertakings is growing. . . . This mutual dependence, however, becomes continually more a one-sided dependence of the small Capitalists upon the larger ones. . . . Many Capitalists having the appearance of independence, yet subservient to others, and many Capitalist concerns that appear to be independent, are in reality merely branches of one huge Capitalist undertaking.”
[From the Socialist Standard, January 1909.