A sliver of giant firms dominates total sales volume
Evidence
The largest 200,000 busi nesses in 1971 (1.6% of all businesses) accounted for three-quarters of all sales. The smallest eight and one half million (the bottom two-thirds of all businesses) accounted for 2.4% of all sales. — Samuel Bowles and Herbert Gintis, Schooling in Capitalist America, 622
Categorization
- XREF: connects to: Corporate ownership and profit concentrate in a tiny number of firms — Samuel Bowles and Herbert Gintis, Schooling in Capitalist America:…, 623; Big firms attract more credit and state support, reinforcing concentration. — Clara E. Mattei, Escape from Capitalism: An Intervention, 134; Three asset managers now dominate almost all major US firms — Clara E. Mattei, Escape from Capitalism, 133 (+4 more)
Broader Connections
- Corporate ownership and profit concentrate in a tiny number of firms
#expands(0.85) — Samuel Bowles and Herbert Gintis, Schooling in Capitalist America, 623 - Three asset managers now dominate almost all major US firms
#exemplifies(0.82) — Clara E. Mattei, Escape from Capitalism, 133 - US popular music is controlled by a handful of firms across every sector
#exemplifies(0.80) — Andrew deWaard, Derivative Media, 184 - Common ownership of competing firms suppresses competition and inflates prices
#expands(0.80) - Big firms attract more credit and state support, reinforcing concentration.
#expands(0.78) — Clara E. Mattei, Escape from Capitalism, 134 - Large law firms came to dominate legal practice nationwide by 2000.
#exemplifies(0.78) — Lawrence M. Friedman, A History of American Law, 4026 - Elite law firms exploded in count and size between 1968 and 2003.
#exemplifies(0.76) — G. Alan Tarr, Judicial Process and Judicial…, 687