Tag: monopoly capitalism

Political Economy

The face of monopoly capitalism

Amazon is Europe’s largest internet retailer, with a turnover twice that of its twenty largest competitors. In 2017 its chief executive earned $2.16 million per hour, while Amazon workers receive the statutory minimum wage, which in the EU varies between €1.42 and €11.27 per hour. In 2018 the company generated […]

Political Economy

Clothing and super-exploitation

At the end of May 2019 a study published by the Stern Center for Business and Human Rights at New York University drew attention to the demeaning conditions in the global clothing industry. The report shows how monopoly capitalism (imperialism) exploits countries, both large and small, that try to develop […]

Imperialism

The wrong people are in the boats

The crisis of the capitalist economic system continues to grow, and the imposition of limited tariffs on steel imports etc. by the United States is just another symptom of this deepening crisis. The reaction of the liberal establishment in the European Union shows clearly its weakness in relation to the […]

Imperialism

European integration versus democracy

The European Union continues to push forward with deeper integration, as that is the economic and political imperative of European big business. The EU Commission continues to promote its strategy of deepening integration. It has proposed a finance minister for the euro zone and transforming the European Stability Mechanism, which […]