Monopolies - A Case Study
Monopolization And Its Implication On A World Scale
The monopolization of the capitalist system is at the base, a degradation, not only of the "free-competition" of the capitalistic (bourgeoises) socio-economic order, it is also, the degradation of the working class and, in fact, the respective systems imminent demise.
During the Cold War competition between potential monopolist nations, USA, France, Germany, England and Canada was highly minimized and co-operation was (ironically) encouraged to counter the Soviet threat. Today, with the fall of the pseudo-socialist states in the Eastern block and the subsequent degeneration of such states in Asia, cooperation has been deemed unnecessary ...
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by bourgeoises economists, socialists have cooked deeper into the matter and "unveiled" the economic character of imperialism and it's apparent contradictions (this will be dealt with later, as well as an overview of the historic contradictions, economic intricacies and ethical realities of imperialism. It should also be stated, that the term monopoly, "monopolization" will be dealt with from the left-wing point of view, as "imperialism").
The two prevalent schools of economic thought, the left wing (socialist) and the right wing (libertarian, "laissez fare" capitalists ...), have entirely different view on the matter of monopolization of capital.
While the socialist, especially those of the Marxist persuasion (to which the author belongs), claim that the monopolization of capital is the most significant event in the history of capitalism since robotics, the bourgeoises economist refuse to recognize (foolishly), that a change in economic structure has even occurred!
The ...
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at the expense of the consumer.
An essential part of the functioning of what leftists term imperialism is the role of the banks without which the monopolization of capital is impossible and anachronistic. The principal role of banks is to serve as middlemen in the making of payments. By managing is such activities, they transform inactive money capital into profit yielding capital as well as placing numerous money revenues at the disposal of the capitalists.
As a result, the banks grow, becoming monopolies themselves, obtaining at their disposal not only the profits of the capitalists, but the bulk of their capital as well. Through this process, the powerful banks "take after" the ...
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Monopolies - A Case Study. (2004, July 13). Retrieved November 30, 2024, from http://www.essayworld.com/essays/Monopolies-A-Case-Study/10983
"Monopolies - A Case Study." Essayworld.com. Essayworld.com, 13 Jul. 2004. Web. 30 Nov. 2024. <http://www.essayworld.com/essays/Monopolies-A-Case-Study/10983>
"Monopolies - A Case Study." Essayworld.com. July 13, 2004. Accessed November 30, 2024. http://www.essayworld.com/essays/Monopolies-A-Case-Study/10983.
"Monopolies - A Case Study." Essayworld.com. July 13, 2004. Accessed November 30, 2024. http://www.essayworld.com/essays/Monopolies-A-Case-Study/10983.
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