scholarly journals Laws of Concentration and Centralization of Capital: A Modern Review

2021 ◽  
Author(s):  
Sourish Dutta
Keyword(s):  
Capital Accumulation ◽  
Modern World ◽  
Modern Time ◽  
Competitive Power ◽  
Capitalist Mode ◽  
The Usa ◽  
Size Of Firms ◽  
Mode Of Production

Though the basic (the late 1860s) Marxian model, under the capitalist mode of production, assumes perfect competitive or contestable ambience within the market by means of a large number of trivial firms in each industry, Marx was cognizant of the growing size of firms, the subsequent dwindling of competition, and the evolution of monopolistic or anti-competitive power. Hence, the capital has the inclination for concentration and centralization in the hands of the richest and big capitalists. Actually, the concentration and centralization of capital are two capital accumulation (or self-expansion of capital) techniques. Such concentration and centralization of capital can be clearly detected at this modern time, especially in the USA, in the enormous occurrences of mergers, acquisitions and conglomerates. In this assignment, henceforth, I will be trying to cultivate an analytical discussion about these two interlinked concepts and their implications and repercussions in this modern world of capitalism.

scholarly journals Laws of Concentration and Centralization of Capital: A Modern Review

2021 ◽  
Author(s):  
Sourish Dutta
Keyword(s):  
Capital Accumulation ◽  
Modern World ◽  
Modern Time ◽  
Competitive Power ◽  
Capitalist Mode ◽  
The Usa ◽  
Size Of Firms ◽  
Mode Of Production

Though the basic (the late 1860s) Marxian model, under the capitalist mode of production, assumes (more or less) perfect competitive or contestable ambience within the market by means of a large number of trivial firms in each industry, Marx was cognizant of the growing size of firms, the subsequent dwindling of competition, and the evolution of monopolistic or anti-competitive power. Hence, the capital has the inclination for concentration and centralization in the hands of the richest and big capitalists. Actually, the concentration and centralization of capital are two capital accumulation (or self-expansion of capital) techniques. Such concentration and centralization of capital can be clearly detected at this modern time, especially in the USA, in the enormous occurrences of mergers, acquisitions and conglomerates. In this assignment, henceforth, I will be trying to cultivate an analytical discussion about these two interlinked concepts and their implications and repercussions in this modern world of capitalism.

Reading Capital, Reading Historical Capitalisms

2016 ◽  
Vol 68 (3) ◽  
pp. 133
Author(s):  
Samir Amin
Keyword(s):  
Capital Accumulation ◽  
Private Property ◽  
Capitalist Society ◽  
Modern World ◽  
Capitalist Mode ◽  
Historical Reality ◽  
Scientific Analysis ◽  
The Social ◽  
Property Owners ◽  
Mode Of Production

Marx's Capital presents a rigorous scientific analysis of the capitalist mode of production and capitalist society, and how they differ from earlier forms. Volume 1 delves into the heart of the problem. It directly clarifies the meaning of the generalization of commodity exchanges between private property owners (and this characteristic is unique to the modern world of capitalism, even if commodity exchanges had existed earlier), specifically the emergence and dominance of value and abstract social labor.… Volume 2 demonstrates why and how capital accumulation functions, more specifically, why and how accumulation successfully integrates the exploitation of labor in its reproduction and overcomes the effects of the social contradiction that it represents.… Volume 3 of Capital is different. Here Marx moves from the analysis of capitalism in its fundamental aspects (its "ideal average") to that of the historical reality of capitalism.… To move from the reading of Capital (and particularly of volumes 1 and 2) to that of historical capitalisms at successive moments of their deployment has its own requirements, even beyond reading all of Marx and Engels.Click here to purchase a PDF version of this article at the Monthly Review website.

scholarly journals Die Außenansicht der europäischen Linken

1993 ◽  
Vol 23 (92) ◽  
pp. 427-449
Author(s):  
Samir Amin
Keyword(s):  
Capital Accumulation ◽  
World System ◽  
Capitalist Mode ◽  
The Third ◽  
Social Governance ◽  
System Type ◽  
World Level ◽  
First World ◽  
Labour Power ◽  
Mode Of Production

In the framework of a world-system type of analysis, the perspectives of the European left after the decline of Soviel type socialism are described as a response to the polarization between the Third and the First World: In contrast to the capitalist mode of production in the centre, which operates as a market-based integration of the circulation of capital, of commodities and of labour power, labour in the periphery is blocked. In view of the contradiction between capital accumulation on a world-level and political and social governance on national levels, a socialist strategy should be based on a new internationalism, emphasizing regional alliances whose expansion is coupled to the increase in the unfettered mobility of labour.

Secular stagnation in the modern world

2018 ◽  
pp. 125-141 ◽  
Author(s):  
S. M. Drobyshevsky ◽  
P. V. Trunin ◽  
A. V. Bozhechkova
Keyword(s):  
Public Debt ◽  
Capital Accumulation ◽  
Technological Development ◽  
Japanese Economy ◽  
Modern World ◽  
Key Factors ◽  
Destruction Process ◽  
Secular Stagnation ◽  
The Impact

The paper studies the factors of secular stagnation. Key factors of long-term slowdown in economic growth include the slowdown of technological development, aging population, human capital accumulation limits, high public debt, creative destruction process violation etc. The authors analyze key theoretical aspects of long-term stagnation and study the impact of these factors on Japanies economy. The authors conclude that most of the factors have significant influence on the Japanese economy for recent decades, but they cannot explain all dynamics. For Russia, on the contrary, we do not see any grounds for considering the decline in the economy since 2013 as an episode of secular stagnation.

ТЕЛЕВІЗІЙНА КОМУНІКАЦІЯ В КОНТЕКСТІ РОЗВИТКУ СУСПІЛЬСТВА

2020 ◽  
pp. 68
Author(s):  
O. Yatchuk ◽  
N. Kodatska
Keyword(s):  
Public Opinion ◽  
Mobile Communications ◽  
Mass Communication ◽  
New Technologies ◽  
Modern World ◽  
Digital Television ◽  
Broadband Internet ◽  
Television Content ◽  
The Usa ◽  
Traditional Technologies

<div><p><em>The article presents the dynamics of the main factors for the development of modern television, the transition from traditional technologies of television broadcasting to the latest technologies. The process of developing digital television and broadband has been technically determined to address the challenge of integrating new technologies into traditional TV content. Ways of expanding the possibilities of interaction between the viewer and the television producer in the context of overcoming the crisis of traditional technologies are analyzed. It is determined that integration, development of mobile communications and Internet technologies are a hallmark of the modern world media space and have a significant influence on the formation of public opinion. The analysis of actual media researches concerning problems of the theory of mass communication is carried out. The phenomenon of «social television», which combines watching TV with simultaneous communication in social networks, is considered. The author draws attention to the disclosure of the determining factors of media communication, the study of the process of feedback from viewers on television. It is stated that the development of modern technologies, namely digital broadcasting and introduction of broadband Internet access to create a multimedia platform that combines Internet communication services and television content, contributes to improving the mechanism of interaction between the TV and the viewer. The theory of the conceptualization of journalism based on identity construction is examined: journalists understand their audience and, as members of that audience, connect with their communities. An analysis of integrated journalistic activity is conducted, which consists of three stages: gathering, editing and disseminating information. It is determined that the influence of the Internet allows the consumer to play his or her role at each stage, thus helping the journalist determine the degree of relevance of the story to himself and to the potential audience. The common features of modern telecontent were singled out and a comparative analysis of the trend of development of interactive TV programs of the USA, UK and Ukraine was made.</em></p></div><p><strong><em>Key words:</em></strong><em> public opinion, two-vector communication, feedback, communication methods, television audience, country telephony.</em></p>

Introduction

2018 ◽  
Author(s):  
Louçã Francisco ◽  
Ash Michael
Keyword(s):  
Social Reproduction ◽  
Capital Accumulation ◽  
Social Consequences ◽  
First Century ◽  
Capitalist System ◽  
Global Restructuring ◽  
The Social ◽  
And Diffusion ◽  
Political Decision Making ◽  
Mode Of Production

This book investigates two questions, how did finance become hegemonic in the capitalist system; and what are the social consequences of the rise of finance? We do not dwell on other topics, such as the evolution of the mode of production or the development of class conflict over the longer run. Our theme is not the genesis, history, dynamics, or contradictions of capitalism but, instead, we address the rise of financialization beginning in the last quarter of the twentieth century and continuing into the twenty-first century. Therefore, we investigate the transnationalization of the circuits and processes of capital accumulation that originated the expansion and financialization of the mechanisms of production, social reproduction, and hegemony, including the ideology, the functioning of the states, and the political decision making. We do not discuss the prevailing neoliberalism as an ideology, although we pay attention to the creation and diffusion of ideas, since we sketch an overview of the process of global restructuring of production and finance leading to the prevalence of the shadow economy....

From Challenging the Text to Constructing It in a Large Economics Classroom: Revealing the Not-So-Common Sense of the Capitalist Mode of Production

2016 ◽  
Vol 50 (1) ◽  
pp. 194-204 ◽  
Author(s):  
Brenda Spotton Visano
Keyword(s):  
Small Group ◽  
Large Class ◽  
Common Sense ◽  
Resource Distribution ◽  
Capital Good ◽  
Jel Classification ◽  
Group Exercise ◽  
Teaching Process ◽  
Capitalist Mode ◽  
Mode Of Production

This paper recounts a large class teaching process designed to encourage student critique, debate, and engagement. It focuses on an example of one in-class, small group exercise of negotiating ownership claims on a capital good and its output. The communal outcomes that students themselves negotiate contradict their prior taken-for-granted belief in the “rightness” of the capitalist mode of production and offer the class an opportunity to reflect on principles of fairness in resource distribution. JEL Classification: A13, A22, B51

scholarly journals A CLASSICAL MODEL OF EDUCATION, GROWTH, AND DISTRIBUTION

2018 ◽  
Vol 24 (5) ◽  
pp. 1186-1221
Author(s):  
Amitava Krishna Dutt ◽  
Roberto Veneziani
Keyword(s):  
Capital Accumulation ◽  
Classical Model ◽  
Human Capital Accumulation ◽  
Macroeconomic Model ◽  
Education Policies ◽  
Distributional Consequences ◽  
The Usa ◽  
Market Relations ◽  
Shed Light ◽  
Growth Distribution

We develop a classical macroeconomic model to examine the growth and distributional consequences of education. Contrary to the received wisdom, we show that human capital accumulation is not necessarily growth-inducing and inequality-reducing. Expansive education policies may foster growth and reduce earning inequalities between workers, but only by transferring income from workers to capitalists. Further, the overall effect of an increase in education depends on the actual characteristics of the educational system and on the nature of labor market relations. Although the primary aim of the paper is theoretical, we argue that the model identifies some causal mechanisms that can contribute to shed light on recent stylized facts on growth, distribution, and education for the USA.

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