A good example is the rise of monopoly capitalism
. For over a decade, as regular readers know, this magazine has been making the case that growing industry consolidation is suppressing entrepreneurship and wage growth, hollowing out the economy of the interior of the country, and corrupting the political process.
But how can we speak of any moral concerns when living in a world governed by monopoly capitalism
, financial markets, unbridled profit-making and flashy consumerism?
37) without referencing the role of marketing and advertising processes in the undermining of democratic publics and politics, especially during the contemporary stage of monopoly capitalism
(see Foster & McChesney, 2012; Klein, 2000).
Though to be fair, this kind of criticism leveled down against Adorno is not entirely misplaced being, to some extent, rooted in his own ambivalent understanding of "monopoly capitalism
" emerging in 20th century both as an quasi-irresistible spread of social domination and as an antagonistic reality riven by contradictions that can still generate social change.
Amongst institutionalist and neoMarxian economists, the notion of monopoly capitalism
has for many decades been widely accepted.
'Trump's rhetoric of making America great again, of making America first by upholding ultranationalism and monopoly capitalism
, signals another alarming trend: fascism,' Bayan said.
Emphasis is on the agencyAEs cultural, political, and social history and its role in the development of American monopoly capitalism
. The book demonstrates how American industrialists used the Pinkertons to enforce order, yet also shows how the Pinkertons served as a target for workersAE wrath against industrialists.
Currently state monopoly capitalism
and the Crown dictatorship functions to featherbed the rich, propertied people and finance and global capitalism.
, public and private, domestic and foreign, is the center of economic and political power in the nation, because it controls all branches of the Mexican economy.
Yet we live under the political and cultural hegemony of monopoly capitalism
, a system that maintains that economic growth is the solution to all social problems and relies on unsustainable growth for its continued existence.
He adds: "A key word in the stonemason's buried message was 'Trust',' a doing word that once emphasised honesty and loyalty but which had become a noun synonymous with corporate dishonesty and greed under monopoly capitalism
In fact, even if is true that there are sinful structures (unbridled capitalism, monopoly capitalism
, legislation allowing abortion and same-sex marriage, etc.) eliminating those structures will not necessarily lead to a just and humane society if individual citizens do not liberate themselves from personal sins, such as those of greed, injustice, lust, and pride.