"Lenin’s discovery has lost none of its relevance today. The features of imperialism have not gone away, and globalization has brought all the contradictions to a head. Thus, the concentration, in the hands of the monopolies, of the means of production, sources of raw materials, transport, communications, scientific and technical discoveries and skilled workers and engineers has reached an all-time high. Five hundred corporations dominate the US economy. Half of them have assets in five or more sectors. They employ 20% of the total workforce and account for 60% of profits."
January 1, 1970