Monopoly Capitalism

[dcsmart]

There has been no levelling off of the global economy, as economists predicted. Although industrialisation has expanded to lesser-developed countries, it has generally been along lines determined by global corporations based in advanced capitalist countries. From colonialism, we have moved into the age of multinational corporate domination.

We live in an age of giants. Unchecked, they stride across the earth consuming much that lies in their path, leaving behind them great trails of destruction. This is not pre-history I am describing, but today’s era of monopoly capitalism. There has been no levelling off of the global economy, as economists predicted. Although industrialisation has expanded to lesser-developed countries, it has generally been along lines determined by global corporations based in advanced capitalist countries. From colonialism, we have moved into the age of multinational corporate domination. The world’s largest retailer, Wal-mart, raked in $405 billion in revenue last year – that’s enough to buy Bangladesh! They have over 7,500 stores world-wide and employ 2 million people. Cargill, the world’s biggest company in the food industry, is larger than the economies of two-thirds of the world’s countries.
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FULL ARTICLE
http://www.marxist.com/monopoly-capitalism.htm

[midnight]

1. Capitalism with out regulation breeds

trails of destruction. I suppose Nafta created the loopholes for this destruction.

[readmoreoften]

2. But capitalism itself trends toward deregulation as the capitalists own more and more influence.

Once you have obscene amounts of cash, you buy your politicians and then--poof--no more deregulation problems. Even Marx noted this. It's a property intrinsic to capitalism.