Intellectual monopoly capitalism and its effects on development
What is new with contemporary (global) leading corporations? If gigantic monopolies are a repeated phenomenon in capitalism’s history, why all the fuss we see every day regarding high concentration?
Leading corporations of the 21st century are intellectual monopolies. These are firms that rely on a permanent and expanding monopoly over portions of society’s knowledge. A recent joint OECD and European Union report shows that the top 2000 corporations in business expenditure in research and development (BERD) concentrated 60% of total IP5 1 patents between 2014 and 2016 (Dernis et al., 2019).
Solutions To America’s 7 Biggest Problems For We, The People
“We the People of the United States, in Order to form a more perfect Union, establish Justice, insure domestic Tranquility, provide for the common defense, promote the general Welfare, and secure the Blessings of Liberty to ourselves and our Posterity, do ordain and establish this Constitution for the United States of America.”
Our central thesis is that as a nation, we are divided and stalled out by deep, cynical, fully paid for partisanship at a time when the stakes of delaying pragmatic decisions to address the Five Fates could not be higher. What is to be done?