In the attached article is a discussion of how American society is moving toward what Frank & Cook call "Winner Take All" Markets. Discuss this concept and how it is infiltrating larger and larger segments of the occupational hierarchy.© BrainMass Inc. brainmass.com June 4, 2020, 1:52 am ad1c9bdddf
The winner take all market is indeed an interesting phenomenon that takes place in the American marketplace. The winner take all concept is indeed a concept that is the hallmark of an economy based on capitalist ideals, which by and large influence individuals within given industries, to seek to gain as much income as possible despite the cost that it may have on other individuals. The free market economy and its ideology, profoundly reward those individuals that reach the top in their given professions, but the drawback of this ideology is the ...
This solution discusses the winner-take-all characteristic of the American economy.