Monopoly capitalism destroys the very notion of property while retaining its form

Evidence

Although the capitalist mode of production represents a radical break with all previous relations of production, this mode of production itself ultimately remains within the continuity of subjects’ domination over objects. — Dirk Braunstein, Adorno’s Critique of Political Economy, 1602 (#expands, via linked claim)

In fact, it was their belief that capitalism in its advanced, monopolistic stage actually decreased the rationality of political authority. The formal, legal rationality that Weber had described corresponded more closely to conditions during the liberal phase of bourgeois society, which were characterized by belief in the Rechissiaat (constitutional state). As capitalism had evolved in a monopolistic direction, liberal political and legal institutions were increasingly replaced by totalitarian ones. Those that remained were little more than the facade for new types of irrational authority. Rationality was itself severely threatened. “The fascist order,” Horkheimer wrote during the war, “is the reason in which reason reveals itself as irrational.” — Martin Jay, The Dialectical Imagination, 402 (#expands, via linked claim)

The problems of figuration that concern us will only become visible in the next stage, the passage from market to monopoly capital, or what Lenin called the “stage of imperialism”; and they may be conveyed by way of a growing contradiction between lived experience and structure, or between a phenomenological description of the life of an individual and a more properly structural model of the conditions of existence of that experience. Too rapidly we can say that, while in older societies and perhaps even in the early stages of market capital, the immediate and limited experience of individuals is still able to encompass and coincide with the true economic and social form that governs that experience, in the next moment these two levels drift ever further apart and really begin to constitute themselves into that opposition the classical dialectic describes as Wesen and Erscheinung, essence and appearance, structure and lived experience. — Fredric Jameson, Postmodernism, or, The Cultural Logic…, 877 (#expands, via linked claim)

Categorization

• XREF: connects to: Monopoly capitalism replaces liberal-legal institutions with irrational totalitarian authority — Martin Jay, The Dialectical Imagination: A History…, 402; Monopoly capitalism splits lived experience from the structures governing it — Fredric Jameson, Postmodernism, or, The Cultural Logic…, 877; Total universalization of capitalism erases the concept of the system itself — Fredric Jameson, Postmodernism, or, The Cultural Logic…, 865 (+10 more)

Broader Connections

• Monopoly capitalism replaces liberal-legal institutions with irrational totalitarian authority #expands (0.85) — Martin Jay, The Dialectical Imagination, 402
• Capitalism breaks with prior production yet continues domination over objects #expands (0.85) — Dirk Braunstein, Adorno’s Critique of Political Economy, 1602
• Monopoly capitalism splits lived experience from the structures governing it #expands (0.82) — Fredric Jameson, Postmodernism, or, The Cultural Logic…, 877
• Total universalization of capitalism erases the concept of the system itself #expands (0.78) — Fredric Jameson, Postmodernism, or, The Cultural Logic…, 865
• Domination in advanced capitalism is masked as neutral administration and objectivity #expands (0.78) — Herbert Marcuse, One-Dimensional Man, 186
• Sport preserves and theatricalizes a competition that monopoly capitalism has abolished #exemplifies (0.75) — Theodor W. Adorno, The Culture Industry, 129