At one time, seven families controlled all the economic activity in Rome. A few families of equivalent wealth control most of America’s economic activity. Sugar,for instance is increasingly the province of the Fanjuls. They are a family of Cuban exiles who understood the importance of monopoly. They control ever more of America’s sugar production and distribution. Their political influence (payoffs) keep the price sugar from “floating” in a free market.
In fact, Bill Clinton’s dalliances with Monica “Hold this cigar for a minute.” were interrupted with calls from the Fanjuls about the price of sugar.
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Every section of every marketplace is similarly affected, as rich families become ever richer by absorbing ever more of “their” section of the economy. Little gasoline stations were wiped out by chains who passed laws for the “good of the environment” to make them replace tanks they couldn’t afford to remove and replace.
