Monopoly pricing and planning emerged from US capital centralization since 1900
Evidence
Large corporate power was deployed to assure steady growth in investments that enhanced productivity, guaranteed growth, and raised living standards while ensuring a stable basis for gaining profits. This implied a corporate commitment to steady but powerful pro cesses of technological change, mass fixed capital investment, growth of managerial expertise in both production and marketing, and the mobilization of economies of scale through standardization of pro duct. The strong centralization of capital that had been such a con spicuous feature of US capitalism since 1900 allowed the curbing of inter-capitalist competition within an all-powerful US economy and the emergence of oligopolistic and monopoly pricing and planning practices. — David Harvey, The Condition of Postmodernity, 803
Categorization
- XREF: connects to: Monopoly capitalism splits lived experience from the structures governing it — Fredric Jameson, Postmodernism, or, The Cultural Logic…, 877; Neoclassical competition theory masks real coercive market dynamics. — Clara E. Mattei, Escape from Capitalism: An Intervention, 136; Institutional investors’ cross-ownership creates anticompetitive power needing limits — Andrew deWaard, Derivative Media: How Wall Street…, 1384 (+2 more)
Broader Connections
- Monopoly capitalism destroys the very notion of property while retaining its form
#expands(0.80) - Monopoly capitalism splits lived experience from the structures governing it
#expands(0.78) — Fredric Jameson, Postmodernism, or, The Cultural Logic…, 877 - Neoclassical competition theory masks real coercive market dynamics.
#complicates(0.75) — Clara E. Mattei, Escape from Capitalism, 136 - Institutional investors’ cross-ownership creates anticompetitive power needing limits
#exemplifies(0.72) — Andrew deWaard, Derivative Media, 1384