Corporate Profits

A couple of links on Corporate profits.
Steve Sailer - Why are corporate profits so high compared to a generation ago?

You might think that regional monopolies and oligopolies that allowed higher profits than the risk adjusted cost of capital would have been worn down over the decades by increased competition caused by the huge improvements in shipping, communications, data processing, and globalization. But I don't see much evidence for that.

I'm not surprised that Apple has very high profit margins on innovative products, but why does, say, P&G do so well these days on toothpaste and detergent?

I mean, sure, we all know that corporate executives have been winning in the struggle with workers over pay. But why hasn't increased competition between corporations competed away the profits won away from employees?

Well,... my best guess is that it's because,... those monopolies and oligopolies own our government. They pay for laws that protect their interests over consumer and working class interests and for laws that add barriers to, or limit real competition. Both of which feed their profits.

Another on Corporate profits.

32 Corporations Spent More On Compensation For Top Executives In 2010 Than They Paid In Income Taxes

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