Monopoly Capitalism: Difference between revisions
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The term refers to an environment where 'the state' (dominant economic power players) | The term refers to an environment where 'the state' (dominant economic power players) act in the economy to protect large businesses from competition by smaller firms. This is the opposite of [[Free Enterprise]] - an equal economic playing field where a large amount of economic players have a fair chance to succeed - in the absence of economic favoritism (monopolistic mechanisms such as centralized funding, government subsidies, legal restrictions). | ||
Note that in today's society, mainstream media tends to claim that Free Enterprise is the status quo of advanced nations - but it appears that mainstream media really refers to Monopoly Capitalism - based on empirical evidence that enterprises succeed by eliminating competition - as opposed to encouraging competition as in the [[Distributive Enterprise]] economic model. | |||
[[Category:Definition of Terms]] | [[Category:Definition of Terms]] | ||
Latest revision as of 12:54, 24 May 2012
The term refers to an environment where 'the state' (dominant economic power players) act in the economy to protect large businesses from competition by smaller firms. This is the opposite of Free Enterprise - an equal economic playing field where a large amount of economic players have a fair chance to succeed - in the absence of economic favoritism (monopolistic mechanisms such as centralized funding, government subsidies, legal restrictions).
Note that in today's society, mainstream media tends to claim that Free Enterprise is the status quo of advanced nations - but it appears that mainstream media really refers to Monopoly Capitalism - based on empirical evidence that enterprises succeed by eliminating competition - as opposed to encouraging competition as in the Distributive Enterprise economic model.