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Long before the rise of fascism, competitive capitalism was replaced in each capitalist nation by monopoly capitalism. The markets were controlled by… - Paul Mattick
" "Long before the rise of fascism, competitive capitalism was replaced in each capitalist nation by monopoly capitalism. The markets were controlled by trusts and cartels. The development from laissez faire to monopoly capitalism led to the creation of the world market, the international division of labor, the concentration of capital, and the increase of the productivity of labor. They are all interdependent; one is unthinkable without the others.
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About Paul Mattick
Paul Mattick Sr. (March 13, 1904 – February 7, 1981) was a Marxist political writer and social revolutionary, whose thought can be placed within the council communist and left communist traditions.
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Paul Mattick, Sr.
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It is now quite clear that only those in the traditional labour movement who opposed its undemocratic organisations and their tactics can properly be called socialists. The labour leaders of yesterday and today did not and do not represent a workers' movement but only a capitalistic movement of workers.
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