After World War II new forms of monopoly association arose: the conglomerates, which became particularly widespread in the USA. The conglomerates brought together the most diverse industries, having no production connection and not even linked by common raw material or marketing conditions. The formation of conglomerates resulted from the increased concentration in the mid-20th century of scientific research and management. In the conglomerates, capital can flow from one branch to another, bypassing the traditional capital market.
2. Because of the high concentration of economic resources at their disposal, capitalist monopolies have the potential to accelerate technological progress. A state monopoly of foreign trade is absolutely necessary as a defence against foreign economic and trade expansion. It promotes maximally affective export and import operations and guarantees the independent development of the national economy and the planned character of foreign trade.
3. The development process is best served, at least initially, by efficient monopolies. Competition can be introduced at a later stage through deregulation. This may however underestimate both the positive effects of competition upon efficiency and the difficulties of taking [ex post facto] corrective action rather than preventive action.