链剥将发多大是 高级商务英语阅读 As much as the cheerleaders for capitalism like to claim it is a system of free competition,the situation has changed since the end of the nineteenth century.By 1900 monopolies had come to dominate in all the major capitalist countries.4)_ Monopolies have competitive struggles but they usually end in agreement between the monopolies with division of the spoils between them,with the stronger monopoly getting the chief pickings. The events of September 11 came at a time when the world economy was on the brink of a sizeable recession.The reaction to the events has sent the economy into a steep decline particularly in the US.5) The Bush Administration is putting together an'economic stimulus package'of tax cuts and extra government spending,but it is not likely to have much impact simply because the gigantic economy has taken such a dive. The capitalist economists have been forced to recognize the economic decline,but most are forecasting a quick recovery.6)They tend to treat economics as a psychological phenomena and believe that it all comes down to confidence.They dare not speak about long term depression because that could knock confidence. 1.Merger mania is back again and telecoms which were hit hard by the high-tech slump earlier on are now looking to mergers for survival. 2.This came on top of an already declining world economy. 3.Monopoly grew out of free competition and created giant conglomerates which dominated whole branches of industry 4.Much of that is wishful thinking,not based on objective analysis of the economic data. 5.This will have a profound effect on the rest of the world because the US is such a huge part of the world economy. 6.Sharemarkets around the world slumped with such severity that analysists were forced to make comparisons with the big bang of 1929 which heralded the great depression. Ill.E-C Translation: 第2页共4页高级商务英语阅读 As much as the cheerleaders for capitalism like to claim it is a system of free competition, the situation has changed since the end of the nineteenth century. By 1900 monopolies had come to dominate in all the major capitalist countries. 4) ________ Monopolies have competitive struggles but they usually end in agreement between the monopolies with division of the spoils between them, with the stronger monopoly getting the chief pickings. The events of September 11 came at a time when the world economy was on the brink of a sizeable recession. The reaction to the events has sent the economy into a steep decline particularly in the US. 5) ________ The Bush Administration is putting together an ‘economic stimulus package’ of tax cuts and extra government spending, but it is not likely to have much impact simply because the gigantic economy has taken such a dive. The capitalist economists have been forced to recognize the economic decline, but most are forecasting a quick recovery. 6) ________ They tend to treat economics as a psychological phenomena and believe that it all comes down to confidence. They dare not speak about long term depression because that could knock confidence. 1. Merger mania is back again and telecoms which were hit hard by the high-tech slump earlier on are now looking to mergers for survival. 2. This came on top of an already declining world economy. 3. Monopoly grew out of free competition and created giant conglomerates which dominated whole branches of industry. 4. Much of that is wishful thinking, not based on objective analysis of the economic data. 5. This will have a profound effect on the rest of the world because the US is such a huge part of the world economy. 6. Sharemarkets around the world slumped with such severity that analysists were forced to make comparisons with the big bang of 1929 which heralded the great depression. III. E-C Translation: 第 2 页 共 4 页