ABSTRACT
Marx and Engels hypothesized that with the continuing development of the capitalist mode of production there would be an increasing concentration of capital investment opportunities, i.e. of the ruling class. The process is defined in terms of the
concentration of capitals already formed, destruction of their individual independence, expropriation of capitalist by capitalist, transformation of many small into few large capitals. … Capital grows to a huge mass in a single hand in one place, because it has been lost by many in another place (Marx, 1976, p.777).
