Monopoly capitalism Book

An excellent book that shows the greatest strengths of Marxist analysis. Monthly Review's July-August 2012 edition () contains a missing chapter and some comments.


One important issue with Capital was that it "only" examined the competitive form of capitalism and its dynamics. Even though Marx described the mechanisms of consolidation (concentration and centralisation) well, this didn't change his underlying model of how capitalist economics worked. The Marxist mode of analysis is very adaptable though, and that is what Monopoly Capital does: it analyses the monopoly phase of capitalism in which markets are very far from competition in the traditional (and also classical) "perfect competition" model (which is basically the foundation of all "market" based capitalist ideologies) in Marxist terms.


It is a very readable and extremely interesting book and it is possible to learn from it even without reading Capital.