Lenin argued that capitalism will progress from a competitive to a monopolistic stage, where a dozen corporations dominate the market. This concentration of production leads to monopolies, which in turn, leads to the rise of finance capital and then to imperialism : https://www.marxists.org/archive/lenin/works/1916/imp-hsc/
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Certainly think we are getting there
Nobody has ever been more consistently correct than Lenin.
- Lenin
lol, I just love that sentence.
Here’s some more.
2. Marx “and the alienated workforces” evidence - “stagnating wages,” capitalists go monopoly: crash the market to start again at the barrel of a gun
< “cost of living, strikes, proles protesting” etc; cause: “profit maximisation by curing costs.”
3. So Marx was right.
And there’s more multinational corporations than you think.