Monopoly capitalism in the past four decades
认为垄断资本主义是实际存在的新自由主义，分析了从国家垄断向跨国垄断的演变，探讨金融化、市场集中度与盈利能力、投资的关系，并重新审视长期停滞观点。
Abstract Monopoly capitalism can be seen as ‘actually existing neo-liberalism’, and the ‘worship of markets’ from doctrines of neo-liberalism operates to support monopoly capitalism. In recent decades, there has been an evolution from forms of national monopoly capitalism to transnational monopoly capitalism. Aspects of the processes of financialisation are explored for relevance for the evolution of monopoly capitalism. Recent trends in concentration and market power are consistent with the monopoly capitalism analysis, and review the links with profitability and investment. Ideas of secular stagnation have long been associated with monopoly capitalism, and that association is revisited in light of recent economic experience.