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Surplus absorption and waste in monopoly capitalism

Wrenn, MV

Authors

Mary Wrenn Mary.Wrenn@uwe.ac.uk
Senior Lecturer in Economics



Abstract

The central problem in capitalism today is not one of scarce resources clashing against innate, insatiable wants. Rather, the modern problem of monopoly capitalism is one of abundance of production clashing against scarcity of consumers. In order to exhaust productive resources and forestall excess capacity, business interests must continuously search for new markets to exploit or entice ever more fanatic loyalty from existing customers who stand ready to buy the latest product iteration or service permutation. The key to business survival within all capitalist systems is continual expansion of market share and reach. Grow or die.

Citation

Wrenn, M. (2016). Surplus absorption and waste in monopoly capitalism. Monthly Review, 68(3),

Journal Article Type Article
Acceptance Date Jan 1, 2016
Publication Date Jul 1, 2016
Journal Monthly Review
Print ISSN 0027-0520
Peer Reviewed Peer Reviewed
Volume 68
Issue 3
Publisher URL https://monthlyreview.org/2016/07/01/surplus-absorption-and-waste-in-neoliberal-monopoly-capitalism/
Additional Information Additional Information : This is the author's accepted manuscript. The final published version is available here: https://monthlyreview.org/2016/07/01/surplus-absorption-and-waste-in-neoliberal-monopoly-capitalism/

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