Add an in-text citation using MLA format. Competition plays an important role in regulating the economy, but as John Kenneth Galbraith points out, during the nineteenth century, "control over economic life seemed to be passing into fewer hands," leading at least one critic of capitalism, Karl Marx, to predict the end of the free market system. Competition plays an important role in regulating the economy, but as John Kenneth Galbraith points out, during the nineteenth century, "control over economic life seemed to be passing into fewer hands," leading at least one critic of capitalism, Karl Marx, to predict the end of the free market system. Source: The Affluent Society by John Kenneth Galbraith, chapter 4, page 36. Published by Houghton Mifflin Company, New York 1998 : In addition, there was the gnawing doubt as to whether competition, in fact, existed. As the nineteenth century wore along, both firms and fortunes grew. Control over economic life seemed to be passing into fewer hands-a development which was heralded by Marx as marking the system's ultimate collapse.
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Competition plays an important role in regulating the economy, but as John Kenneth Galbraith points out, during the nineteenth century, "control over economic life seemed to be passing into fewer hands" (Galbraith 36), leading at least one critic of capitalism, Karl Marx, to predict the end of the free market system. Source: The Affluent Society by John Kenneth Galbraith, chapter 4, page 36. Published by Houghton Mifflin Company, New York 1998. In addition, there was the gnawing doubt as to whether competition, in fact, existed. As the nineteenth century wore along, both firms and fortunes grew. Control over economic life seemed to be passing into fewer hands—a development which was heralded by Marx as marking the system's ultimate collapse.