[lbo-talk] tendency to monopoly

Charles Brown cb31450 at gmail.com
Mon Apr 14 06:29:57 PDT 2014


Charles Brown 19 mins

Chapter Thirty-Two: Historical Tendency of Capitalist Accumulation///// in a word "concentration". In another word, "monopoly". "One capitalist always kills many." The board game "Monopoly" captures the concept well. https://www.marxists.org/archive/marx/works/1867-c1/ch32.htm Economic Manuscripts: Capital Vol. I - Chapter Thirty Two Capital Vol. I : Chapter Thirty-Two (Historical Tendency of Capitalist Accumulation) marxists.org|By Karl Marx

One capitalist expropriates many other capitalists.

http://en.wikipedia.org/wiki/Monopoly_%28game%29

Monopoly (game) - Wikipedia, the free encyclopedia

en.wikipedia.org

Monopoly is an American-originated board game originally published by Parker Bro...See More

Monopoly is an American-originated board game originally published by Parker Brothers. Subtitled "The Fast-Dealing Property Trading Game", the game is named after the economic concept of monopoly—the domination of a market by a single entity. It is produced by the United States game and toy company Hasbro. Players move around the gameboard buying or trading properties, developing their properties with houses and hotels, and collecting rent from their opponents, the ultimate goal being to drive them into bankruptcy.

In _Imperialism_, Lenin applied Marx's concept of monopolistic historical tendency to find more monopoly in the imperialist era than in the previous capitalist period of freer competition; providing data from Hilferding et al in the time period after Marx's death. It basically proved Marx's prediction on the direction or form that capitalism would tend to and develop toward.

A common sense way to understand the tendency to monopoly out of competition is to consider that eventually somebody wins competitions. There are winners and losers in "the market". It's like a playoff in sports. There are many vanquished and one winner. Competition is not endless, but is for keeps. cutthroat drive all others to bankruptcy. And often there is success at this. Thus, more and more concentration of wealth is an inherent tendency , and it accumulates historically.

so historical tendency of capitalist accumulation and competition is concentration of accumulation. Sure enough, here we are in 2014 with the greatest concentration of wealth in history. Where's that facebook meme on 70 people have as much wealth as all the rest of the world ! Marx was correct, alright.



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