“Antitrust,” by Amy Klobuchar (last 2 chapters), 2021
If you are
wondering why I’d review part of a book by a known centrist and neo-liberal,
I’ll tell you. It was loaned to me by a
neighbor who is a Democrat. I also
wondered why someone who has almost never opposed corporations in her home
state of
I read the
last two chapters of this 355 page book to spare myself the time. They are titled “The Path Forward” and
“Conclusion.” This will give me an idea
if Klobuchar wants to repeat what was suggested over a 100 years ago (forward thinking, aye?) or something different. It will tell me if she understands that
capital always leads to monopoly – properly termed ‘oligopoly’ in this day and
age.
Marxists have
dealt with this issue since the beginning, not having to wait a hundred years. U.S.
Marxists Baran and Sweezy wrote a whole book titled Monopoly Capital in
1966 when Klobuchar was 6. (Book reviewed below.) Marxism understands ‘monopoly’
to be another form of capitalist competition.
Baran and Sweezy estimated it basically ended price competition among
the big firms. Michael Roberts challenges B/S's perspective, saying the price similarity is not that great. https://thenextrecession.wordpress.com/2021/07/11/capitalism-has-the-leopard-changed-its-spots/ If you look at ANY sector
of the
MARX, LENIN & LUXEMBURG
In The Poverty of Philosophy (1847) Marx wrote about the functioning of capital:
1. “Everyone knows that modern monopoly is engendered by competition itself.”
2. “In practical life we find not only competition, monopoly and the antagonism between them, but also the synthesis of the two, which is not a formula, but a movement. Monopoly produces competition, competition produces monopoly. Monopolists are made from competition; competitors become monopolists. If the monopolists restrict their mutual competition by means of partial associations, competition increases among the workers; and the more the mass of the proletarians grows as against the monopolists of one nation, the more desperate competition becomes between the monopolists of different nations. The synthesis is of such a character that monopoly can only maintain itself by continually entering into the struggle of competition.”
In the same work, Marx describes what competition also does, as Klobuchar loves the chimera of wonderful competition:
3. "Competition engenders misery, it foments civil war, it 'changes natural zones,' mixes up nationalities, causes trouble in families, corrupts the public conscience, 'subverts the notion of equity, of justice,' of morality, and what is worse, it destroys free, honest trade, and does not even give in exchange synthetic value, fixed, honest price. It disillusions everyone, even economists. It pushes things so far as to destroy its very self."
In the Economic and Philosophic Manuscripts (1844) Marx in a section on The Competition Among the Capitalists describes the greater accumulation of capital by larger capitalists, to the ruin of smaller ones. Lenin took these ideas further in describing how large capitalists then exported capital around the world, providing the basis for modern imperialism, the ‘highest stage of capitalism.’ Luxemburg continued this point by maintaining that the conquering of these new ‘frontiers’ by large monopoly capital was necessary under imperialism, until the last frontier is gone.
Cracks in the wall? |
“THE PLAN, BOSS, THE PLAN”
So what does the lawyer and Senator from
Specifically in her 25 points she aims at “Big Tech,” “Big
Pharma” for lower prices and incidentally,
Many of these ideas have already been promoted by politicians like Elizabeth Warren and academic Lina Khan.
‘DA FLAWS
This book reflects the pressure of the left on
neo-liberalism, which has clearly failed.
To her credit, Klobuchar seems to be responding a bit. However, the flaws in her whole approach are
obvious. In her solutions, Klobuchar leaves out nearly
every existing oligopoly in the
Instead, history points in another direction – forward, to the future. The next step is for large corporations to be socialized without compensation, taken over by a workers’ government and their own work-force. There is actually nothing wrong with Amazon, Google, Facebook or any other large corporation that various socialist approaches can’t fix. It can be argued that a company like Amazon is actually more efficient than thousands of malls or stores. This logic can be applied to other large corporations. It is also possible to create municipal, state and federal companies that compete with the oligopolies, starting in health care, high-speed internet service, energy and banking. This she doesn't address. She also ignores the international question. The accumulation and export of capital by 'monopolies' leads to world-wide domination, not just national domination.
Behind much of this is the romanticization of small business inherent in her approach. It is as if capital was still in the 1700s when Smith wrote, full of small pin factories, not in 2021 with mega-corporations stretching around the world.
More than that, does she mean any of this? After all, the term 'centrism' for a politician hides someone who leans to the right. Even in local politics, she's no enemy of corporate America. Klobuchar supports the wolf hunt in
For her campaigns in the last 5 years, Klobuchar took money
from United Health Group and Best Buy,
both oligarchical firms in their sectors. She also got money from 2 billionaires from Blackstone, the largest
hedge fund and now real estate firm in the country. Other large firms? Slim-Fast, Linked-In, Direct-TVs Hubbard, the
GAP – all told a total of 15 motley billionaires from law, finance, real estate, agriculture
and
7/9/21 - Biden comes out against tech 'monopoly.'
Prior blog reviews on this subject, use blog search box upper left to search our 14 year archive of reviews: “Klobuchar a Hot Dish Neo-Liberal,” “Just Mercy,” “Bernie Needs to Toughen Up His Debate Performances,” “Monopoly Capital,” “A Night at the Caucuses,” “The Populist’s Guide to 2020,” “Professional Degrees in Recent Democratic Party Politics,” “Crying Wolf,” “The Endless Crisis” or the word “monopoly.”
Red Frog
May 28, 2021