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Monopoly

Labor and Monopoly Capital: The Degradation of Work in the Twentieth Century

Braverman, Monopoly Capital, and AI: The Collective Worker and the Reunification of Labor

December’s Monthly Review begins the fiftieth-anniversary celebration of Harry Braverman’s seminal work, Labor and Monopoly Capital (Monthly Review Press, 1974), with this Review of the Month by John Bellamy Foster, which explores the connections between Marx’s “collective worker,” Braverman’s “collective scientist,” and the struggle against the degradation of work in the digital age. | more…

Workers in a fiber optic cable factory

The Classic Transcending Borders and Ages: Commemorating the Fiftieth Anniversary of ‘Labor and Monopoly Capital’

What was the impact of Labor and Monopoly Capital in its day, and what is its resonance in ours? Kuang Xiaolu, Li Zhi, and Xie Fusheng take stock of Harry Braverman’s influential scholarship over the last half-century. In sum, they write, “with the global expansion of the capitalist mode of production, the significance of Labor and Monopoly Capital has long surpassed narrow national boundaries and the era in which Braverman lived.” | more…

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Plastic Pollution covering beach in Accra, Ghana

Monopoly Capital and the Rise of the Synthetic Age

Following Harry Braverman’s assertion that we must examine “by way of concrete historical specific analysis of technology…on one side and social relations on the other” in order to understand the impact of the Scientific-Technical Revolution on our daily lives, John Hedlund and Stefano B. Longo describe the explosion of the Synthetic Age of plastics, revealing the commodification of science in service of capital. | more…

Bit Tyrants The Political Economy of Silicon Valley by Rob Larson

Bit Despotism: The Genesis of High-Tech Monopolies

In this review of Bit Tyrants by Rob Larson, Mateo Crossa finds and expands on how the powerful actors of Silicon Valley have fashioned themselves into the new, unapologetic robber barons, operating in the shadows of political lobbying to maintain their monopolistic practices in the Global North while shamelessly engaging in the naked exploitation of the workers in the Global South. Crossa echoes Larson’s call for liberation from these tyrants, bringing attention to the necessity of socialism—both on- and offline—to agitate for democratic control over the technology and Internet platforms that increasingly penetrate our daily lives. | more…

Integrated circuit on a microchip

What Do We Learn about Capitalism from Chip War?

Chip War (Simon and Schuster, 2022) by Chris Miller is a detailed accounting of the U.S. efforts to retain control of the computer chip industry—an industry that has become vital to nearly all aspects of modern life. Rahul Varman explores and expands on these themes, asking all the while: What can the escalating wars over this crucial technology teach us about global capitalism? | more…

KakaoTalk fire

Platform Company Dominance and Labor Struggles in the Digital Economy: The Case of South Korea

Kyung-Pil Kim charts the history of the Korean platform economy through the rise of Naver and Kakao, the major firms dominating the markets. How do these companies operate? How did they achieve dominance? Finally, what are recent developments and challenges of labor organizing in this sphere? | more…

Thousands of shipping containers at the terminal at Port Elizabeth, New Jersey (2004)

Limits to Supply Chain Resilience: A Monopoly Capital Critique

Capital, Ben Selwyn writes, has been advancing its interests under the guise of protecting “global supply chain resilience.” While those promoting the resilience agenda assert that these supply chains represent a net benefit, evidence suggests that they increase the transfer of surplus value from the Global North and, especially, in the. South. | more…

Indonesian sulfur miner carrying their 90-kg-load of sulfur from the floor of the volcano to crater rim

Mining Capital and the Indonesian State

Arianto Sangadji traces the relationship between the state and mining capital in Indonesia throughout the historical capitalist development of the country from Dutch colonialism to the contemporary practices of multinational mining corporations. While these powerful firms have generated significant profits, they are also associated with dispossession, environmental degradation, and ruthless labor exploitation, spurring resistance from the local populations. | more…

Double explosure with business graph with arrows and financial graphs

The Contagion of Capital

Financialized Capitalism, COVID-19, and the Great Divide

Although the current crisis of production associated with the COVID-19 pandemic has sharpened disparities, the overall problem is much longer and more deep-seated, a manifestation of the inner contradictions of monopoly-finance capital. Comprehending the basic parameters of today’s financialized capitalist system is the key to understanding the contemporary contagion of capital, a corrupting and corrosive cash nexus that is spreading to all corners of the U.S. economy, the globe, and every aspect of human existence. | more…

Polish students, their teachers and others gather in front of universities to protest in March 1968

Liberated Capitalism

An interview with Henryk Szlajfer by Grzegorz Konat. Szlajfer was a leading figure in the student uprisings in Poland in March 1968. He was expelled from the University of Warsaw and was arrested and imprisoned for political dissent. He later conducted research in political economy focusing on the theory of monopoly capitalism, where he made major contributions, and coedited The Faltering Economy with John Bellamy Foster. | more…

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