Title

The tyranny of monopoly-finance capital : a Chinese perspective

Document Type

Journal article

Source Publication

Monthly Review

Publication Date

2-2017

Volume

68

Issue

9

First Page

29

Last Page

42

Publisher

Monthly Review Foundation

Keywords

State Repression, Stagnation, Political Economy, Movements

Abstract

Since the 1980s, economic growth in the core capitalist countries has been driven by an enormous expansion of financial capital, accompanied by steady deindustrialization. In recent years, the monopoly power of this financial capital has displayed increasingly tyrannical characteristics: it depends for its continued growth on ever-increasing indebtedness and dependence in developing nations, widening the divide between rich and poor and ultimately fostering state violence that serves to suppress popular resistance.… [Today,] military and monetary strength work together to profit from inequality and instability in emerging economies.

DOI

10.14452/MR-068-09-2017-02_4

Print ISSN

00270520

Publisher Statement

Copyright © 2017 MONTHLY REVIEW FOUNDATION ALL RIGHTS RESERVED. Access to external full text or publisher's version may require subscription.

Full-text Version

Publisher’s Version

Recommended Citation

Sit, T., Wong, E., Lau, K.-C. & Wen, T. (2017). The tyranny of monopoly-finance capital: A Chinese perspective. Monthly Review, 68(9), 29-42. doi: 10.14452/MR-068-09-2017-02_4

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