nyone, that read the above quote or Lenin's "Imperialism" will notice that he formulates Imperialism including monopoly - centralization and concentration of finance and production. My emphasis on finance and its new evolution since Lenin's death does not nullify centralization and concentration of finance and production in the form of monopoly, but points to what is fundamental for us today. What was fundamental yesterday is not necessarily fundamental for today.
^^^^ CB: Yes , but in this case both monopoly and finance dominance, and their unity - the financial oligarchy takes the forms of corporate monopolies; Goldman-Sachs, J.P. Morgan, Citigroup, ec. are monopolies in the finance capital sector - remain fundamental. It is not the case that "finance" is still fundamental, but monopoly is not. Both monopoly and financial sector dominance are fundamental to capitalism in 2009. Lenin labeled it the highest or last stage of capitalism because there is no capitalism beyond finance monopoly capitalism. It becomes the more things change, the more they stay the same and more of the same. More monopoly and more finance sector power. There is more monopoly or greater concentration of wealth and greater dominance of finance capital in 2009 than there was when Hobson, Hilferding and Lenin were writing. With the fall of the SU, capitalism reverted to it's pre-Soviet, pre-1917 ways in full force and more. This message has been scanned for malware by SurfControl plc. www.surfcontrol.com _______________________________________________ Marxism-Thaxis mailing list [email protected] To change your options or unsubscribe go to: http://lists.econ.utah.edu/mailman/listinfo/marxism-thaxis
