Fully monopolized capitalism requires a state monopoly over political power to survive

Evidence

If totalitarian political power had not abolished freedom of contract, the cartel system would have broken down. If the labor market were not controlled by authoritarian means, the monopolistic system would be endangered; if raw material, supply, price control, and rationalization agencies, credit and exchange-control offices were in the hands of forces hostile to monopolies, the profit system would break down. The system has become so fully monopolized that it must by nature be hypersensitive to cyclical changes, and such disturbances must be avoided. To achieve that, the monopoly of political power over money, credit, labor, and prices is necessary. — Rolf Wiggershaus, The Frankfurt School, 1185 (#corroborates, via linked claim)

In short, although a command economy was in the process of being created, it was by no means replacing the old monopolistic capitalism. In fact, Neumann argued, agreeing with Gurland, the two could survive side by side as long as imperialist expansion permitted the satisfaction of the claims of the various groups in the ruling elite. — Martin Jay, The Dialectical Imagination, 510 (#exemplifies, via linked claim)

In this way the economic ‘base’ loses its role in supporting the social totality. National Socialism and bureaucratic socialism or, more generally, a new ‘integral statism’, can no longer be described only in terms of economic basic categories. Political analysis takes on greater importance to theextentthatliberalismappearsasanhistoricalepisode,afterthedownfall of which society reverts to direct methods of domination no longer mediated via the market. The fundamental economic factors leading to crisis are tending to become controllable by measures of state intervention, which can range from compensatory welfare legislation to overt terror. — Dirk Braunstein, Adorno’s Critique of Political Economy, 600 (#responds-to, via linked claim)

Categorization

• XREF: connects to: State-capitalism theory downgrades the economic base in favor of direct political domination — Dirk Braunstein, Adorno’s Critique of Political Economy, 600; State capitalism substitutes the power motive for the profit motive — Martin Jay, The Dialectical Imagination: A History…, 485; Monopoly capitalism replaces liberal-legal institutions with irrational totalitarian authority — Martin Jay, The Dialectical Imagination: A History…, 402 (+5 more)

Related

• Nazi dictatorship was functionally necessary to preserve a fully monopolized economy (similarity 0.90)
• State-capitalism theory downgrades the economic base in favor of direct political domination (similarity 0.86)
• Command economy and monopoly capitalism coexisted under Nazi rule (similarity 0.85)
• Nazi rule affirmed capitalism rather than superseding it (similarity 0.83)
• Monopoly capitalism replaces liberal-legal institutions with irrational totalitarian authority (similarity 0.83)
• Monopoly capitalism destroys the very notion of property while retaining its form (similarity 0.82)
• Weimar-era cartelization forced the state to pick between crushing or strengthening monopolies (similarity 0.82)
• State capitalism substitutes the power motive for the profit motive (similarity 0.81)
• A capitalist planned economy was economically viable, blocked only by political will (similarity 0.80)
• Wartime state control proved economies are politically moldable (similarity 0.80)
• Totalitarian political regimes are symptoms of deeper economic systematization (similarity 0.80)
• Pollock’s state capitalism theory erased class antagonisms in favor of purely political rulers (similarity 0.80)
• State wartime intervention exposed the natural order of capitalism as a political choice (similarity 0.79)
• Pollock argued the Nazis had destroyed private property’s essential features (similarity 0.79)
• Monopolies themselves depend on continuing inter-monopoly struggle. (similarity 0.79)

Broader Connections

• Nazi dictatorship was functionally necessary to preserve a fully monopolized economy #corroborates (0.90) — Rolf Wiggershaus, The Frankfurt School, 1185
• State-capitalism theory downgrades the economic base in favor of direct political domination #responds-to (0.80) — Dirk Braunstein, Adorno’s Critique of Political Economy, 600
• Command economy and monopoly capitalism coexisted under Nazi rule #exemplifies (0.80) — Martin Jay, The Dialectical Imagination, 510
• State capitalism substitutes the power motive for the profit motive #responds-to (0.75) — Martin Jay, The Dialectical Imagination, 485
• Monopoly capitalism replaces liberal-legal institutions with irrational totalitarian authority #expands (0.75) — Martin Jay, The Dialectical Imagination, 402