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Subjects Archives: Monopoly

At an establishment in Sydney, Australia, that accepts payment in bitcoin.

Making merry on bitcoin

Bitcoin has left the world of finance gasping. Although the total market value of all that cryptocurrency in circulation is only a fraction of the value of the world’s financial assets, the rapid rise in the value of the currency has made it the most wanted of those assets. On January 1, 2017, the currency […]

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Google Eye

Google eyed

The Hoover Company’s vacuum cleaners once so dominated its market that people often still describe using any make of vacuum cleaner as ‘hoovering up’. Similarly, people ‘Google’ information from the Internet, even if they do not use Google.

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A man is silhouetted against a video screen with an Facebook logo as he poses with an Samsung S4 smartphone in this photo illustration taken in the central Bosnian town of Zenica, August 14, 2013. REUTERS/Dado Ruvic/File Photo.

Facebook’s advertising machine

The US market evidently has a powerful influence on social trends elsewhere in the world. It has been shown not only by the popularity among youth of wearing low-hanging trousers and baseball caps backwards—although, thankfully, these trends have, like, faded—but also by how a system designed for an elite US university, Harvard, could end up […]

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President Donald Trump signing the new Cuba policy

US Cuba policy has been hijacked by Cuban-Americans

US policy toward Cuba (Trump reverses Obama’s Cuba deal, limiting travel and trade, 17 June) has been hijacked by a clique of Cuban-American politicians, who have sold their support in Congress to President Donald Trump. Above all, these individuals – and Trump – have demonstrated the corrupt and clientelist nature of the US political system. […]

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Toilet paper money roll

The U.S. is where the rich are the richest

In the U.S., where wealth is most highly concentrated, almost a quarter of income goes to the rich. So it should come as no surprise that a big chunk of the world’s richest call America home. Two out of five millionaires and billionaires live there, and their ranks are growing fast.

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Capitalists Tipping Scales "Change"

Finance, Crisis, and Stagnation

In this presentation Mexie begins to elaborate the theory of monopoly capitalism developed by Paul Baran and Paul Sweezy, incorporating recent theoretical development by John Bellamy Foster and Robert McChesney. Mexie has produced a number of other videos on the topic as well.

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Globalization chart

Globalization and executive compensation

Growing inequality has been one of the most salient features of the US economy over the last 40 years. A variety of explanations for this rapid growth in top incomes have been proposed, including growing firm size new technology, the market for superstars, poor governance, and changes in top tax rates.

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Corporate Profits

What’s driving abnormal profit margins? Monopoly

Why is the cause of abnormally high corporate profit margins in the US. The phenomenon is amongst other things upsetting the standard notion that profits are mean reverting to historic averages. Jeremy Grantham (of the global investment management firm, GMO) puts the cause down to three other factors: increased monopoly power, increased political power and […]

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Workers at Whirlpool

Monopolization and labor exploitation

Those who advocate “freeing the market” claim that doing so will encourage competition and thereby increase majority well-being. These advocates have certainly had their way shaping economic policies. And the results? According to several leading economists, the results include the growing monopolization of product markets and the steady decline in labour’s share of national income. […]

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May chce twardego Brexitu. Trump nie chce silnego dolara

The Election of Donald Trump

1. The recent election of Donald Trump after Brexit, the rise of fascist votes in Europe, but also and much better, the electoral victory of SYRIZA and the rise of Podemos are all manifestations of the depth of the crisis of the system of globalized neoliberalism. This system, which I have always considered unsustainable, is […]

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Members of the Delegation with faculty and students from An-Najah University.

Open Letter to San Francisco State University President Leslie Wong:Uphold the MOU with An-Najah University and Support Professor Abdulhadi!

To add your signature to this open letter in solidarity, please sign at <bit.ly/2dtPmzP>. Open Letter to San Francisco State University President Leslie Wong: Uphold the MOU with An-Najah University and Support Professor Abdulhadi! Members of the Delegation with faculty and students from An-Najah University. In March 2016, nineteen of us were part of a […]

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