'The Internationalization of Monopoly Capital'

from monthlyreview.........

.........."we suggest that renewed international competition evident since the 1970s was much more limited in range than often supposed. It has since given way to a new phase of global monopoly-finance capital in which world production is increasingly dominated by a relatively few multinational corporations able to exercise considerable monopoly power. In short, we are confronted by a system of international oligopoly. 


We present the broad contours of our argument with empirical evidence and explanation. Our treatment of these issues will no doubt raise as many questions as it will answer. Nevertheless, our objective is to demonstrate that addressing the internationalization of monopoly capital is a necessary prerequisite to understanding present global economic trends, including the period of slow growth and financialization in the mature economies".............LINK