Except for Google, Facebook, and Intel, cable TV and high-speed Internet providers, and Monsanto in much of agribusiness—a very large except—few of the resulting corporate giants are literal monopolies, one company absolutely dominating a given sector. Instead, most major American industries have rapidly turned into oligopolies, where two or three or four big companies run their show and tend not to compete fiercely. It’s like how smart mob families peacefully coexist.
