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- Title
The Ambiguity of Competition.
- Authors
D'Amato, David S.
- Abstract
Fortunately, we are not (and never have been) faced with a choice between monopoly capitalism on the one hand and a fully planned economy administered by the total state on the other. In his introduction to István Mészáros' Beyond Leviathan: Critique of the State, John Bellamy Foster discusses the idea that it is "impossible to go "beyond capital" without also going beyond the state." A system of carefully limited competition between monopolies--protected by state power, it is important to restate--is mistaken for a "freely competitive system."[2] Monopoly capitalism thus manages to hide behind the fantasy of competitive markets, the idea that "workable competition" obtains at least, even if Smith's ideal has never yet been observed.
- Subjects
POWER (Social sciences); SOCIAL impact; AMBIGUITY; PRIVATE property; STATE power
- Publication
CounterPunch, 2023, p1
- ISSN
1086-2323
- Publication type
Article