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...the idea that any giant corporation, whatever its dimensions or power, could emanicipate itself definititively from the compulsion of (monopolistic) competition, that is, could have a guaranteed specific demand for its products, independently of the trade cycle and from technological innovation, could make sense only if it were insulated both from economic fluctuations and from economic uncertainty, that is if...
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Capital: Critique of Political Economy, Vol 1: The Process of Production of Capital

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Capital: Critique of Political Economy, Vol 1: The Process of Production of Capital


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Luke ...it were insulated both from economic fluctuations and from economic uncertainty, that is if the very nature of its output as commodity production was denied. Experience does not confirm such a contention.

-Ernest Mandel, 'Introduction'


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