CAPITALISM AND THE LAW OF CONCENTRATION
A new form of class division arises in the first stage of
capitalism--The second stage of capitalism begins with the great
mechanical inventions--The development of foreign and colonial
trade--Theoretic individualism and practical collectivism--The law
of capitalist concentration formulated by Marx--Competition,
monopoly, socialization--Trustification, interindustrial and
international--Criticisms of the Marxian theory--Engels on the
attempts to make a "rigid orthodoxy" of the Marx theory--The small
producers and traders--Concentration in production--Failure of the
bonanza farms and persistence of the small farms--Other forms of
agricultural concentration--Farm ownership and farm mortgages--The
factory and the farm--The concentration of wealth--European and
American statistics--Concentration of the control of wealth
independent of actual ownership--Growth of immense
fortunes--General summary 113