In what ways do the actions and economic behavior of today's
multinational corporations resemble the functioning and processes
of the old command economics of the Soviet Union? By ignoring
questions about power relations in markets, mainstream
neoclassically-oriented economists conclude that there are no
significant power structures operating in market systems to control
allocation and distribution. This book argues to the contrary that
there are fundamental and systemic power structures - monopoly,
access to information or finance, employer power, etc. - at work in
market economies, which affects their ability to achieve real
"competition" in much the same way as state-controlled, command
economies hinder business activities. Thus, for example, the
biggest firms at the hubs of financial "networks" wield a kind of
"shaping power" upon large numbers of relatively autonomous firms,
not only upon those that belong to the networks but also on the
many firms outside them that are also affected.
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