The tyranny of monopoly-finance capital : a Chinese perspective

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

Research output: Journal PublicationsJournal Article (refereed)

3 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

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Keywords

  • Movements
  • Political Economy
  • Stagnation
  • State Repression

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