Subjects Archives: Monopoly

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.

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.

Prof Patrick Bond from the University of the Witswatersrand (Wits) tells Business Day TV why the World Economic Forum, which held its annual Africa meeting last week, serves the interests of the ruling elite at the expense of communities.

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 increased brand power.

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. Neither outcome desirable.

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 imploding before our eyes at its very heart. All attempts to save the system — to avoid the worst — by minor adjustments are doomed to failure.

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 […]

There is currently too much dramatic news abroad in the world, mostly bad.  What can an election in one single city mean, far from most fronts?  Yet the voting in Berlin last Sunday (September 18th) was full of drama and meaning, also outside Germany.  The results caused some to grieve, some to applaud, and analysts […]

The defense of national sovereignty, like its critique, leads to serious misunderstandings once one detaches it from the social class content of the strategy in which it is embedded.  The leading social bloc in capitalist societies always conceives sovereignty as a necessary instrument for the promotion of its own interests based on both capitalist exploitation […]

Mass protests have returned in Tunisia, since the 20th of January, in Kasserine, then in Tunis, and in the rest of the country.  As expected, the pursuit of neoliberal policy by the so-called “national unity” government (ranging from Islamists of Ennahdha to leftists, including Bourguibists and survivors of the defunct Ben Ali regime) has not […]

We often hear the following, well-intentioned question: “What would you have done if you had been in the place of the SYRIZA government?” The question is not illogical.  But we must put it in the right perspective. If we, the KKE, were in the “place” of SYRIZA, meaning the place of bourgeois management, the place […]

  We have to stop talking about Greece.  What must emerge from the calamity of SYRIZA-ANEL is a renewed call for democracy. There is a scene in the 1972 political satire The Candidate where Robert Redford looks at the camera and quietly says, “Politicians don’t talk, they make sounds.” For the past five years Greece […]

The Greek People are an example to Europe and the world. With courage and lucidity the Greek people have rejected the ignoble diktat of European and international finance.  They have won a first victory by affirming that democracy cannot exist unless it knows how to put itself at the service of social progress.  They have […]

  . . . So, our party [Communist Party of Greece, KKE] was very clear — for many years now — that the European Union is a union of capital and an anti-people hornet’s nest.  The parties of the plutocracy in Greece as well as other countries lied to the peoples, fostered illusions that they […]

Throughout the previous period, PAME, the class-conscious movement, was at the forefront of the struggle against capital’s attack on labor and popular rights.  We will continue in the same direction, because the problems and factors that led the vast majority of the people to poverty, misery, and the loss of rights and conquests are still […]

Greek Communist Party (KKE) MEP Kostas Papadakis firmly says: “SYRIZA has made very clear that it is not going to defy the EU or NATO.  We say: What kind of left is this?” “The EU has no fear of SYRIZA.  SYRIZA is not the oligarchy’s first choice, but it is the new face of social […]

This tribute to one of India’s finest radical economists first appeared in Analytical Monthly Review, May 2014.  AMR, published from Kharagpur, West Bengal, India, is a sister edition of Monthly Review. Nirmal Kumar Chandra (1936-2014), referred to by his dear friend, Ashok Mitra, in The Telegraph (April 4, 2014) as “The Compleat Economist”, was in […]

Moscow, March 2014 1. The current global stage is dominated by the attempt of historical centers of imperialism (the US, Western and Central Europe, Japan — hereafter called “the Triad”) to maintain their exclusive control over the planet through a combination of: so-called neo-liberal economic globalization policies allowing financial transnational capital of the Triad to […]

Tassos Tsakiroglou: How urgent do you consider the necessity to develop an understanding of the interconnections between the deepening impasse of the capitalist economy and the rapidly accelerating ecological threat? John Bellamy Foster: The urgency of understanding the interconnections between the economic impassse and the ecological emergency derives from the combined threats they pose to […]

  When Wisconsin state workers were courageously occupying the state capitol to protest Governor Scott Walker’s attack on their unions’ right to bargain, AFL-CIO president Richard Trumka trumpeted a call for solidarity actions throughout the labor movement on April 4, 2011, the anniversary of the assassination of Martin Luther King, killed during the Memphis sanitation […]