What is the essence of monopoly capitalism?

In essence, it is a means for private monopoly capital to use state machinery to serve its development. It is a form of monopoly capitalism in which private monopoly capital is combined with state power in order to maintain monopoly rule and obtain high monopoly profits.

Second, the reason:

The rule of financial capital and financial oligarchs in China has intensified political and economic contradictions, strengthened the external expansion of monopoly capital, and made capitalism develop into a world system.

Third, the characteristics:

1. Capital concentration and production concentration are highly developed, leading to the emergence of dominant monopoly organizations in major industrial sectors and even the whole economic life.

2. Industrial monopoly capital and bank monopoly capital are increasingly integrated into financial capital, and the further concentration of financial capital forms a financial oligarchy. At the same time of the formation of industrial monopoly capital, the competition in the banking industry leads to the continuous improvement of the concentration of the banking industry, forming a bank monopoly organization.

Extended data:

There are four main forms of state monopoly capitalism:

1. State-owned and directly affiliated enterprises, including: state-owned enterprises that meet the needs of state institutions, state-owned enterprises that provide public goods, state-owned enterprises in high-tech and high-risk emerging industries and state-owned enterprises in general industries.

2. Joint ventures between state-owned and private individuals, including: state-owned enterprises sell some shares to private individuals, state and private individuals jointly invest in joint ventures, state-owned enterprises merge with private enterprises, state-owned enterprises participate in private enterprises, and state-owned enterprises transfer to private leasing or contracting operations.

Third, the state participates in the reproduction process of private monopoly capital through various forms, including: as a buyer of goods and services, the state places a large number of orders with private monopoly enterprises to provide a guaranteed national market for private monopoly enterprises; Through various forms of subsidies and subsidies, the state directly or privately monopolized enterprises in indirect subsidies; Through social welfare expenditure, the state improves social purchasing power, expands consumer demand and creates market conditions for private monopoly enterprises.

Fourth, macro-adjustment and micro-regulation. Macro-adjustment mainly refers to the state's use of fiscal policy, monetary policy and other economic means to adjust the total social supply and total demand, in order to achieve the basic goals of rapid economic growth, full employment, price stability and international balance of payments. Micro-regulation mainly means that the state uses legal means to regulate market order, limit monopoly, protect competition and safeguard the legitimate rights and interests of the public.

Baidu Encyclopedia-Monopoly Capitalism