SOC 108 Lecture : Sociology 108.pdf
Document Summary
Overtime capitalist losers (non-markets) always destroy quasi-monopolies of capitalist winner, often with state help, leading to over production. State must muster all resources together and form another quasi-monopolies. The world economy is the boom and bust of many quasi-monopolies but how long the quasi- monopoly last depends on politics, as capitalist losers go to the state to push open the quasi- monopoly and create more competition. At the same time the state must form the quasi monopoly. Chirot says quasi monopolies caused by technology and win. Says there will always be new technologies but what matters is who controls it. Why would waldersterin say q. m causes booms: the more quasi monopolies the more private markets and more revenue, the more revenue a state makes the stringer it gets from support of its citizens who will start to support q. m. Industry- gov. subsidies and support of core production processes. Trade- protective trade policies to promote core production processes.
