,REVIEW ( ,MONOPOLY 9 ,AM]ICA 

,PEOPLE 3 

,AU?OR 3 ,PAUL ,MATTICK 

,TEXT 3 

,S\RCE3 ,WE/]N ,SOCIALI/1 ,BO/ON1 ,U,S,A1 ,JANU>Y-,FEBRU>Y #a#i#e#f2 
,TRANSCRIB$3 BY ,ADAM ,BUICK4 

,MONOPOLY 9 ,AM]ICA3 ! ,GOV]NM5T ,AS ,PROMOT]4 ,BY ,WALT] ,ADAMS & ,HORACE ,M4 ,GRAY4 ,! ,MACMILLAN ,CO41 ,NEW ,YORK1 #a#i#e#e1 #bba PP4 @s#c4#e4 

,?IS LATE/ ADDITION ( ! 5ORM\S LIT]ATURE ON MONOPOLY & COMPETITION 
BR+S ! /ORY UP TO DATE )\T ADD+ ANY?+ ESS5TIAL TO ! PROBLEM 
& ITS 0SOLUTION0 SAVE ! W>N+ ?AT MONOPOLY WILL LEAD TO 
TOTALIT>IANISM UNLESS /OPP$ BY GOV]NM5T 9T]V5TION4 ,LIKE MO/ AU?ORS 9 
?IS FIELD1 ,ADAMS & ,GRAY SEE NO?+ WRONG ) CAPITALISM BUT CONDEMN 
ALLEG$ VIOLATIONS ( 0PROP]0 CAPITALI/ PRACTICES4 ,9 !IR VIEW1 
MONOPOLY IS BAD BECAUSE ) COMPETITION IT DE/ROYS \R DEMOCRATIC WAY ( LIFE 
& ! ECONOMIC FRE$OM ASSOCIAT$ ) IT4 ,!Y ONLY DEAL ) ?AT ASPECT ( 
MONOPOLY :I* CONTROLS M>KETS & PRODUCTION TO ! DETRIM5T ( SMALL 
5T]PRISE :I* HAD NOT SUCCE$$ 9 SECUR+ ITS COMPETITIVE POSITION BY 
MONOPOLI/IC PRACTICES4 ,!Y FAIL TO SEE ?AT COMPETITION IMPLIES MONOPOLY1 & 
MONOPOLY COMPETITION2 &1 ( C\RSE1 !Y FAVOR ! CAPITALI/ MONOPOLY OV] 
! MEANS ( PRODUCTION AS AGA9/ PROP]TY-LESS WORK]S SO AS TO SECURE ! 
ECONOMIC FRE$OM ( EXPLOITATION4 ,9 %ORT1 !Y LIKE TO HAVE A CAPITALI/ 
SY/EM :I* IS SU* 9 ONE RESPECT BUT NOT 9 ANO!R1 & :I* SUSP5DS ! 
CAPITALI/ DEVELOPM5T TR5D 9 ! 9T]E/ ( SMALL BUS9ESS4 

,9 DI/9CTION TO O!R 0TRU/-BU/]S10 H[EV]1 ,ADAMS & ,GRAY 
DO NOT /RESS ! ELEM5T ( 0RE/RICTION0 9 MONOPOLY2 ITS ALLEG$ 
0SABOTAGE0 ( 0ECONOMIC PROGRESS40 ,AFT] ALL1 ! 
,AM]ICAN ECONOMY EXP&$ DESPITE MONOPOLI/IC RULE4 ,!Y M]ELY COMPLA9 ?AT 
TOO MU* ( ! SOCIALLY-CREAT$ PR(IT FL[S TO BIG 5T]PRISE AT ! EXP5SE 
( SMALL BUS9ESS & ! 0CONSUM]0 G5]ALLY4 ,& IT IS ! 
GOV]NM5T1 !Y PO9T \T1 :I* /R5G!NS MONOPOLY BY TAX & SP5D+ 
PROGRAMS FAVOR+ BIG BUS9ESS4 ,:Y IT %\LD FAVOR ANY?+ ELSE IS H>D TO 
SEE1 9 VIEW ( ! FACT ?AT GOV]NM5T IS ! GOV]NM5T ( BIG BUS9ESS4 

,H[EV]1 ,ADAMS & ,GRAY WI% TO SEE ?IS SITUATION ALT]$2 PEOPLE MU/ BE 
MADE AW>E ( ! DANG] ( MONOPOLY & TO ?IS 5D !Y DEVOTE !IR BOOK4 
,?IS IMPLIES ( C\RSE1 ?AT !Y HAVE TO DEMOLI% >GUM5TS 9 FAVOR ( 
MONOPOLY & BIG BUS9ESS4 ,ADAMS & ,GRAY DEAL MA9LY ) ONE >GUM5T1 
NAMELY1 ?AT TE*NOLOGICAL DEVELOPM5T REQUIRES L>GE 5T]PRISE & ?US 
NECESSITATES MONOPOLY4 ,!Y PO9T \T ?AT TE*NOLOGY IS NOT A MAT]IAL =CE 
BEYOND HUMAN CONTROL DET]M9+ ! *>ACT] ( ! ECONOMY1 BUT IS 
0ONE ( MANY 9T]RELAT$ =CES :I*1 OP]AT+ 9 CONJUNCTION & 
UNIDIRECTIONALLY1 HAVE MADE ECONOMIC CONC5TRATION POSSIBLE1 NOT 
NECESS>Y1 OR 9EVITABLE40 ,YET1 ?IS CONTROV]SY AB\T 
! MEAN+ ( TE*NOLOGY IS QUITE BESIDE ! PO9T1 = CAPITAL CONC5TRATION1 
?\< 9CORPORAT+ TE*NOLOGICAL DEVELOPM5T1 IS A MATT] ( CAPITAL 
ACCUMULATION UND] CONDITIONS ( CAPITALI/ COMPETITION4 ,ONE CANNOT ASK = 
COMPETITION & CAPITAL EXPANSION )\T GETT+ ! CONC5TRATION & 
C5TRALIZATION ( CAPITAL4 ,! >GUM5T WAS BR\<T 9TO ! DISCUSSION 9 ! 
FIR/ PLACE TO DI/RACT FROM ! REAL PROBLEM ( CAPITAL =MATION4 ,TO DISPROVE 
IT1 LEAVES ! PROBLEM :]E IT WAS BE=E ! >GUM5T WAS RAIS$4 

,?\< ILLOGICAL & CONTRADICTORY 9 ITS SUGGE/ION TO USE ! P[] ( 
GOV]NM5T TO REVIVE 0PUBLIC CONFID5CE 9 OLD-FA%ION$ 
COMPETITION10 9 FACE ( ! RECOGNITION ?AT 0! NATURE ( 
EXI/+ TE*NOLOGY1 ECONOMIC ORGANIZATION & SOCIAL DEM& PRECLUDES G5]AL 
RELIANCE ON FREE COMPETITION10 ! BOOK IS WOR? READ+ NEV]!LESS1 IF 
ONLY BECAUSE ( ITS DESCRIPTION ( ! WAYS & MEANS ?AT UNITE BUS9ESS & 
GOV]NM5T4 ,EXAMPLES GIV5 >E TAK5 FROM CURR5T OCCURR5CES ASSOCIAT$ ) 
! DEF5SE PROCUREM5T & SURPLUS-DISPOSAL PROGRAMS1 FROM TAX & 
AMORTIZATION 9C5TIVES SUPPORT+ BIG BUS9ESS1 & FROM ! PRIVITIZATION 
POLICIES ( ! ATOMIC 5]GY PROGRAM N[ 9 PROGRESS4 

,FROM 3 ,M>XI/S4ORG4 

,*RONOLOGY 3 
,M>* #b1 #bba 3 ,REVIEW ( ,MONOPOLY 9 ,AM]ICA -- ,ADD$4 
,JANU>Y #h1 #bbb 3 ,REVIEW ( ,MONOPOLY 9 ,AM]ICA -- ,UPDAT$4 

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