Lecture Number 23 – Monopoly Capitalism
Capitalism monopolization About America, its use and connection with what was discussed in the previous lectures. First, Marx talks about competitive capitalism, which is actually the antithesis, and we call it capitalist monopoly. In fact, it is a struggle to get this super profit, which is the same competition between industries in this capitalist system, which can take some producers out of this competition and destroy them. Due to the reasons mentioned in previous lectures, those who cannot increase the capital mix in production are out of the picture. As a result, there is less competition among other producers and it is possible to divide the sales market between those who remain in production. In other words, they have the ability to determine the prices and fix the price. As a result, the competitive price is lost and monopoly is created. Marx calls it centralization of capital in the cover of a book on capital. What happens in this process of the capitalist system is that a smaller number of these companies stay in different industries and concentrate them for more production, which causes them to have more power in determining prices.
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