The tyranny of monopoly-finance capital : a Chinese perspective

Tsui SIT, Erebus WONG, Kin Chi LAU, Tiejun WEN

Research output: Journal PublicationsJournal Article (refereed)Researchpeer-review

2 Citations (Scopus)

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.
Original languageEnglish
Pages (from-to)29-42
Number of pages14
JournalMonthly Review
Volume68
Issue number9
DOIs
Publication statusPublished - 1 Feb 2017

Fingerprint

monopoly
finance
deindustrialization
de-industrialization
violence
indebtedness
economic growth
profit
Military
economy

Keywords

  • Movements
  • Political Economy
  • Stagnation
  • State Repression

Cite this

SIT, Tsui ; WONG, Erebus ; LAU, Kin Chi ; WEN, Tiejun. / The tyranny of monopoly-finance capital : a Chinese perspective. In: Monthly Review. 2017 ; Vol. 68, No. 9. pp. 29-42.
@article{73ba587ff455424fbea7bb6779fbb246,
title = "The tyranny of monopoly-finance capital : a Chinese perspective",
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.",
keywords = "Movements, Political Economy, Stagnation, State Repression",
author = "Tsui SIT and Erebus WONG and LAU, {Kin Chi} and Tiejun WEN",
year = "2017",
month = "2",
day = "1",
doi = "10.14452/MR-068-09-2017-02_4",
language = "English",
volume = "68",
pages = "29--42",
journal = "Monthly Review",
issn = "0027-0520",
publisher = "Monthly Review Press",
number = "9",

}

The tyranny of monopoly-finance capital : a Chinese perspective. / SIT, Tsui; WONG, Erebus; LAU, Kin Chi; WEN, Tiejun.

In: Monthly Review, Vol. 68, No. 9, 01.02.2017, p. 29-42.

Research output: Journal PublicationsJournal Article (refereed)Researchpeer-review

TY - JOUR

T1 - The tyranny of monopoly-finance capital : a Chinese perspective

AU - SIT, Tsui

AU - WONG, Erebus

AU - LAU, Kin Chi

AU - WEN, Tiejun

PY - 2017/2/1

Y1 - 2017/2/1

N2 - 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.

AB - 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.

KW - Movements

KW - Political Economy

KW - Stagnation

KW - State Repression

UR - http://commons.ln.edu.hk/sw_master/6426

U2 - 10.14452/MR-068-09-2017-02_4

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

M3 - Journal Article (refereed)

VL - 68

SP - 29

EP - 42

JO - Monthly Review

JF - Monthly Review

SN - 0027-0520

IS - 9

ER -