noun[mass noun] Economics
A capitalist system typified by trade monopolies in the hands of a few people.
- He further argues that, as monopoly capitalism displaced competitive capitalism, hegemonic regimes replaced earlier despotism in the workplace.
- They are critical to explaining its historic inability to fulfill its own aims and create a ‘middle way’ between socialism and monopoly capitalism.
- The objective historical necessity for socialist revolution arose not simply from the fact that imperialism and monopoly capitalism inevitably gave rise to world wars.
Definition of monopoly capitalism in:
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