Subjects Archives: Monopoly

  • Decoding Economic Ideology

    Introduction Molière’s 1670 his play, The Bourgeois Gentleman, presented before the court of Louis XIV, mocked a foolish, social-climbing merchant.  In his effort to remake himself, the merchant takes lessons to help him pass as an aristocrat.  In a basic lesson on language, he is both surprised and delighted to learn he had been speaking […]

  • Germany: Greens Rise as the Left Party Struggles . . . with Itself

    Using ropes, some young people descended halfway from railroad bridges to force the train to stop.  Others hastily grabbed stones out from under the tracks and in this way prevent their use.  Far more, young and old from all over Germany, simply sat down on the tracks until police carried them away.  Banners and witty, […]

  • Banks’ Monopoly Capital and Basel 3

    The new regulations on banks’ capital requirements known as Basel 3, made known to the public in mid-September, are a major institutional boost to the monopolistic position of the largest banks.1  In the new framework the capital that banks must hold against lending activities has been raised from a ratio of 2%, established by Basel […]

  • Pharmaceutical Industry-Funded Study Shows That Unauthorized Drug Copies Save Tens of Millions

    This is the clear implication of a new industry funded study, even if USA Today essentially ran an ad for the pharmaceutical industry by headlining its piece: “growing problem of fake drugs endangers consumers’ health.”  The article highlighted the fact that unauthorized copies of drugs sometimes do not meet the same standards as the official […]

  • Capitalism and the State

    DIE LINKE (the Left Party) has initiated a debate on its draft party program, which it wishes to officially adopt in Autumn 2011.  Neues Deutschland is joining this debate with a series of articles.  In the Neues Deutschland article published on 9 August 2010, Michael Heinrich tackles the issue of the relationship between capital and […]

  • Monopoly Capital Blocks Rational Policy of Wage-led Growth

      Paul Jay: So we’ve been talking about macroeconomic policy, the G-20, austerity.  And there was one little line in the G-20 document I thought was interesting, and it’s sort of buried in amongst everything.  It said countries could facilitate wages going up proportional to productivity, which is rather interesting, ’cause it’s the only time […]

  • The Myth of Conflict-Free Diamonds

    The issue of “blood diamonds” has once again made the news: Farai Maguwu, Director of Zimbabwe’s Mutare-based Centre for Research and Development (CRD), languishes under the long arm of Zimbabwe’s laws on alleged charges related to his research on Zimbabwe’s Marange mines.  According to a confidential 44-page report produced by investigators mandated by the Kimberley […]

  • Be Like the Rich: Why Keep Paying for What Doesn’t Pay Off?

      9 July 2010 Today’s most e-mailed article on the New York Times website is “Biggest Defaulters on Mortgages Are the Rich” — in a nutshell, homeowners with loans over $1 million are more likely to have stopped paying their mortgages than those with more modest homes.  As law professor Brent White states, the wealthy […]

  • End Times with Slavoj Žižek

      Slavoj Žižek.  Living in the End Times.  Verso, 2010. Reading Žižek has always been as challenging as it is enjoyable, an experience of pleasure and pain that seems at times an intellectual correlate to the operation of objet petit a (little object a).  The concept of objet petit a has been a constant in […]

  • Monopoly Capital

    Abdallah Ahmed is an artist based in Cairo, Egypt.  He blogs at .  This cartoon was published in his blog on 17 May 2010 under a Creative Commons license. | Print

  • Debt Management in Latin America: How Safe Is the New Debt Composition?

      . . . Public debt levels as a share of GDP declined substantially in the Latin American region during the five years preceding the great global crisis of 2008 and 2009.  Data available for the largest seven countries in the region (LAC-7)1 show that the ratio of total public debt to GDP fell from […]

  • Mr. Lula Goes to Tehran — Brazil’s Neocons React

    Brazil’s Ascent under Lula’s Leadership Under the leadership of Luiz Inácio Lula da Silva, Brazil has become a regional leader in Latin America with vibrant international foreign policy.  A look at the internal political dynamics of Brazil would be useful also.  During President Lula’s presidency, Brazil has had tremendous economic growth.  But in the coming […]

  • GM Crops: The Societal Context of Technologies

    The Bt brinjal debate has featured technological worries relating to genetically modified crops which appear relatively minor in comparison to the critical issue of who controls Indian agriculture and therefore food security in India.  While there cannot be a mere technological fix to the problems of Indian agriculture, technology — and therefore GM — will […]

  • UC Berkeley Divestment Vote: It’s Clear What the Future Looks Like

    Being a part of the tremendous coalition effort to pass a divestment bill at Berkeley was quite simply an ecstatic experience.  As my colleague Sydney Levy said, “The movement grew by an enormous leap today.” First, the vote itself: after the UC Berkeley Student Senate originally voted on March 18, by a margin of 16-4, […]

  • Agriculture and the India-U.S. ‘Strategic Alliance’: The Deadly Danger of Monsanto, Archer Daniels Midland and Wal-Mart

      Analytical Monthly Review, published in Kharagpur, West Bengal, India, is a sister edition of Monthly Review.  Its April 2010 issue features the following editorial. — Ed. There are points when long-term trends emerge openly in the present, and a process normally visible only from a distance becomes an unmistakable part of daily life.  The […]

  • The Marxism of Samir Amin

      An interview with Egyptian economist Samir Amin: his latest book reiterates his search for alternatives to surpass capitalism, which he describes as “a historical parenthesis”; meanwhile, processes of migration are building a planet of slums. “Memoirs of an Independent Marxist”: that is the subtitle of A Life Looking Forward (Zed Books, 2006), the latest […]

  • Lessons from the Housing Disaster

    Of the roughly 56 million homes in the US today with mortgages, one in seven is “delinquent.”  That is over 7 million homes more than 30 days behind in mortgage payments.  Those homeowners face foreclosure procedures likely leading to evictions.  Very high (and still rising) unemployment levels guarantee rising mortgage delinquencies. Mass media and political […]

  • Do I Look Rich?  Student Voices on Fee Hikes in California

      For more information about the education crisis and the 4 March 2010 strike and day of action to defend public education in California, go to <checkingeducation.com>, <defendcapubliceducation.wordpress.com/>, or <www.facebook.com/event.php?eid=184333923808>. | | Print  

  • Media Battles in Latin America Not about “Free Speech”

    For at least a month now in Ecuador there has been a battle over regulation of the media.  It has been in the front pages of the newspapers most of the time, and a leading daily, El Comercio, referred to the fight as one for “defense of human rights and the free practice of journalism.” […]

  • The Power of Monopoly Capital

    I’m not at all somebody who wants to enshrine Monopoly Capital: An Essay on the American Economic and Social Order as the new centerpiece in the old “what Marx said” religion.  But, really, I do stand by my conclusion that Baran and Sweezy’s 1966 book was the #1 social science book of the century, Marxist […]