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
Language
English
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