Question

Why and how capitalism creates monopolization according to Marx?

Answer 1

A good example for monopolization of capitalist is Glided Age from 1870-1900 in US. According to Marx, monopolisation of capital is used to denote stage of capitalism from last year of 19th century to end of Second World War. Marx recognized such economy was unstable and impermanent. There is cheapening of commodity. This depends on productivity of labour and scale of production. Marx coined that capitalism is turning point. The monopoly capital theory states that capitalism undergoes evolution and transformation. Monopoly of capitalism concern the degree of concentration of industry, large force control corporation etc. There is a greater tendency for centralization and concentration.
The United States is a metaphor for American capitalism in 21st century. The over monopoly in capitalism create huge profit, but will not focus on welfare. It leads unequal distribution of national income, leads to inequality in the society. The richer become rich and the poorer become poor.