Competition and Monopoly in Capitalism_on Economic Update

Every Wednesday at 11am Pacific – 2pm Eastern – 19:00 GMTEconomic Update

Competition and Monopoly in Capitalism
_on ECONOMIC UPDATE with Richard D. Wolff

This weeks special topic discusses capitalism’s growing problems, such as inequalities, instabilities, and unsustainability. That leads some defenders to argue that the causes of these problems are monopolies displacing competition in many industries. We disagree: capitalism’s history is oscillations between competition and monopoly, each causing the other. Capitalism itself is the problem, not its oscillating forms.

Each show wraps up with Professor Wolff answering some questions that he receives through his website or on Facebook. Economic Update is in partnership with Truthout.org.


This show was broadcast on December 11, 2019.

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