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It may be hard to believe in an era of Wal-Mart, Citizens United, and the Koch brothers, but corporations are on the decline, says Gerald Davis. The number of American companies listed on the stock market dropped by more than half between 1997 and 2012. In recent years, some of the most storied corporations have gone bankrupt (General Motors, Chrysler, Eastman Kodak) or disappeared entirely (Bethlehem Steel, Lehman Brothers, Borders, Circuit City)....
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