Horkheimer saw monopoly capitalism as offering protection only inside powerful organizations

Evidence

Under the umbrella of Columbia University, the Institute was an important protection; without it Horkheimer would have felt entirely like an individual cast into exile in a society in which, as he saw it, only powerful organizations offered any protection and individuals and their property were at the mercy of all the manipulated `accidents’ of the monopoly-capitalist era. — Rolf Wiggershaus, The Frankfurt School, 272

Categorization

• DEFINE: Clarifies Horkheimer’s concept of the monopoly-capitalist era as a condition in which unprotected individuals are exposed to manipulated accidents.
• XREF: connects to: Horkheimer theorized totalitarian monopoly capitalism as a racket phase of society — Rolf Wiggershaus, The Frankfurt School: Its History,…, 1306; Horkheimer held that moral character is a luxury only economic security can purchase; Monopoly capitalism requires totalitarian control of contract, labor, and credit to survive. — Rolf Wiggershaus, The Frankfurt School: Its History,…, 309
• yield-rescued: below the book’s yield-target cutoff, included anyway for connecting to: Horkheimer theorized totalitarian monopoly capitalism as a racket phase of society — Rolf Wiggershaus, The Frankfurt School: Its History,…, 1306; Horkheimer held that moral character is a luxury only economic security can purchase; Monopoly capitalism requires totalitarian control of contract, labor, and credit to survive. — Rolf Wiggershaus, The Frankfurt School: Its History,…, 309