03/07/2021
How, and How Not, To manage the Challenges of Monopoly Capitalism?
Monopoly Capitalism is a late 20th Century legacy that concentrates greater proportions of economic and financial in fewer and fewer hands. Inevitably, hyper-concentration of economic muscle generates awesome .
is about the management of National level 4Ps: Purpose, Profit, Principle and Power. Note the last of the 4 Ps.
So, Monopoly Capital will invariably cross-over into Political Power, hidden or transparent. One should not be surprised when an entity devoted to Monopoly Politics becomes alarmed by the advance of a particularly awesome Monopoly Capitalist.
The clash may or may not have been handled well by China. This Forbes article will not provide objective lens in that regard in a era of / strategic rivalry. The real question is how countries across the World will manage the potential threats to the management of the three other "Ps" that define the rationale for "Politics" when Monopoly Capitalists cross the divide. This is a global, and not a China-only dilemma!
"Power tends to Corrupt, and absolute Power Corrupts absolutely" (Lord Acton). It matters not whether the Power is in the hands of Monopoly Capital or in other hands. The service of the Common Good and Rational Governance is at stake in the 21st Century.
Omodele Jones
The Chinese government is now doling out some of the best pieces of Ma’s business to new “partners” of its choosing, including one of the most corrupt and financially shaky companies in all of China – the notorious and scandal-ridden Huarong Asset Management Co.... It seems like a dark joke.
