04-09-2011, 11:00 PM
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Veteran Member Join Date: Sep 2006 Location: Wisconsin USA | Monopoly and Competition in Twenty-First Century Capitalism Quote: The larger political implications of this were recently spelled out by Samir Amin: "The following phenomena are inextricably linked to one another: the capitalism of oligopolies; the political power of oligarchies; barbarous globalization; financialization; U.S. hegemony; the militarization of the way globalization operates in the service of oligopolies; the decline of democracy; the plundering of the planet's resources; and the abandoning of development for the South Quote: In our view, the stakes are high. Understanding monopoly power is not only indispensable to understanding how the capitalist system works and the problems of stagnation and financialization; it is also vital to understanding the real world of politics and governance, and to any meaningful analysis of imperialism. The struggle for democracy requires that we face up to the reality of ever more concentrated political and economic power held by a plutocracy that owns and controls the giant monopolistic corporations. We on the left must learn to speak intelligibly and effectively to people who experience the consequences of this power in their lives each and every day-or reconcile ourselves to irrelevance. http://therealnews.com/t2/component/content/article/80-more-blog-posts-from-...ury-capitalism |
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